Flower Landscaping Corporation_Journal to Balance sheet

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.

Requirement
1—Prepare the Journal Entries in the General Journal

Requirement
2—Post Journal Entries to the General Ledger

Requirement
3—Prepare a Trial Balance

Requirement
4—Prepare the Adjusting Entries

Requirement
5—Post Adjusting Entries to the General Ledger

Requirement
6—Prepare an Adjusted Trial Balance

Requirement
7—Prepare the Financial Statements

Requirement
8—Prepare the Closing Entries

Requirement
9—Post Closing Entries to the General Ledger

Requirement
10—Prepare the Post Closing Trial Balance