How to record transactions in a general journal for an accounting assignment. Here is the list of transactions I need help recording for a general journal.Here is the chart of accounts for recording in the general journal. Lenny's Lawn Service, Inc. - Chart of AccountsAccount # Account NameAssets:Cash100105110150155200205210215220250300305400500505510515520550Accounts ReceivableSuppliesEquipmentAccumulated DepreciationLiabilities:Accounts PayableWages PayableInterest PayableUnearned RevenueDividends PayableNote PayableEquity:Common StockRetained EarningsRevenues:Service RevenueExpenses:Supplies ExpenseMower Repair ExpenseWages ExpenseTruck Rental ExpenseDepreciation ExpenseInterest Expense DateDescription of the TransactionBorrow $35,000.00 from 1st Bank by signing a 24 month note.(As an example of how to journalize and post a transaction -- this transaction has already been enteredinto the General Journal and posted to the General Ledger.)July 1Receive $76,700.00 cash from new investors, and issue $76,700.00 of Common Stock to them.July 1Purchase $59,700.00 of new mowing equipment, paying cash to the mower dealer.July 1Pay $500.00 cash for the July truck rental.July 3Invoice a new customer $6,805.00 for a completed mowing job - customer will pay in 10 days.July 5The Board of Directors declares a cash dividend. The total amount of the dividend is $30,000.00The Date of Record is set as July 15. The Date of Payment is set as July 31.Pay the employees $5,900.00 for work performed during the 1st week of July.Complete a mowing job for a new customer- customer pays $4,250.00 cash for the job.Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31.Pay the employees $7,100.00 for work performed during the 2nd week of July.July 1July 7July 10July 12July 14July 15July 2021 TransactionsPurchase $1,825.00 of supplies from the mower dealer. The supplies are consumed immediately.Lenny's will pay the mower dealer for the supplies in about 2 weeks.July 15 Collect $6,805.00 on account. The cash that is received is from the new customer for the jobthat was completed on July 3.July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mowerdealer. The cost of the Mower Repair job is $920.00. Lenny's will pay the mower dealer in 30 days.Purchase for cash $26,950.00 of supplies. These supplies will be consumed over the next 12 monthCollect $30,000.00 from the property management company for work performed in June.July 19July 20July 21 Pay the employees $7,500.00 for work performed during the 3rd week of July.July 23 Receive a $26,775.00 advance payment from the university. The advance payment is for 6 monthsof work which will be performed from August 1, 2021 to January 31, 2022.July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,900.00.The golf course pays $1,000.00 cash on this date and will pay the remainder on August 25.July 27Complete a mowing job for a new customer- customer pays $3,725.00 cash for the job.July 27Pay $1,825.00 cash to the mower dealer for the supplies purchased on account on July 15.July 28July 31Pay the employees $6,890.00 for work performed during the 4th week of July.Invoice the property management company $24,000.00 for July mowing work. The propertymanagement company will pay the invoice on the 20th of next month.July 31 Pay the cash dividend which was declared on July 5.

A journal entry is a form of accounting entry that is used to report a business transaction in a…

✓ பப 100 ■ ■ ■ July 1 July 1 ■ July 1 July 3 Invoice a new customer $6,805.00 for a completed mowing job-customer will pay in 10 days. July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $30,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. Pay the employees $5,900.00 for work performed during the 1st week of July. Complete a mowing job for a new customer-customer pays $4,250.00 cash for the job. Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31. [ ■ ■ Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. July 7 July 10 July 12 July 2021 Transactions July 14 July 15 (As an example of how to journalize and post a transaction--this transaction has already been entered into the General Journal and posted to the General Ledger.) Receive $76,700.00 cash from new investors, and issue $76,700.00 of Common Stock to them. Purchase $59,700.00 of new mowing equipment, paying cash to the mower dealer. Pay $500.00 cash for the July truck rental. July 19 July 20 July 21 Pay the employees $7,100.00 for work performed during the 2nd week of July. Purchase $1,825.00 of supplies from the mower dealer. The supplies are consumed immediately. Lenny's will pay the mower dealer for the supplies in about 2 weeks. July 15 Collect $6,805.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $920.00. Lenny's will pay the mower dealer in 30 days. Purchase for cash $26,950.00 of supplies. These supplies will be consumed over the next 12 month Collect $30,000.00 from the property management company for work performed in June. Pay the employees $7,500.00 for work performed during the 3rd week of July. July 23 Receive a $26,775.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1, 2021 to January 31, 2022. July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,900.00. The golf course pays $1,000.00 cash on this date and will pay the remainder on August 25. July 27 Complete a mowing job for a new customer-customer pays $3,725.00 cash for the job. July 27 Pay $1,825.00 cash to the mower dealer for the supplies purchased on account on July 15. Pay the employees $6,890.00 for work performed during the 4th week of July. July 28 July 31 Invoice the property management company $24,000.00 for July mowing work. The property management company will pay the invoice on the 20th of next month. July 31 Pay the cash dividend which was declared on July 5.