Complete the Journal entries for all transactions through the year
1. Dec. 1st - a new company Is formed called "Lawn Darter, Inc." $10,000 cash is contributed to the start-up in exchange for common stock.
2. Dec. 1st - $1,500 was paid for 3 months' rent in advance
3. Dec. Sit - a $2,400 riding lawn mower was purchased in cash. This piece of equipment was determined to have a 2 year (24 month) usable lifespan.
4. Dec. 8th - $400 of supplies were purchased on account and paid in cash 30 days later.
5. Dec. 10th - lawn service job was performed and payment was $1,250 in cash
6. Dec. 12th - a customer paid $1,400 in cash for lawn service to be performed Jan. 10th
7. Dec. 15th - lawn service job was performed and payment was $1,100 in cash
8. Dec. 17th - lawn service job was performed and payment was $750 on account, paid in cash 30 days later.
9. Dec. 20th - lawn service job was performed and payment was $1,800 in cash