Requirement #1:

During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping,

Completed the following transactions.



March 1

Began business by making a deposit in a company bank account of $72,000, in exchange


for 7,200 shares of $10 par value common stock.



March 1

Paid the current month’s rent, $4,500.



March 1

Paid the premium on a 1-year insurance policy, $3,300.


March 7

Purchased supplies on account from Parkview Company, $900.


March 10

Paid employee salaries, $2,200.



March 14

Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was


placed on account. Payments will be $375.00 per month for 20 months. The first payment is due 4/1.


Note: Use accounts payable for the balance due.



March 15

Received cash for landscaping revenue for the first half of March, $4,896.


March 19

Made payment on account to Parkview Company, $450.


March 31

Received cash for landscaping revenue for the last half of March, $5,304.


March 31

Declared and paid cash dividend of $1,000.




Prepare journal entries to record the March transactions in the General Journal below.


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