| During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping, |
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| March 1 |
Began business by making a deposit in a company bank account of $72,000, in exchange |
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for 7,200 shares of $10 par value common stock. |
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| March 1 |
Paid the current month”s rent, $4,500. |
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| March 1 |
Paid the premium on a 1-year insurance policy, $3,300. |
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| March 7 |
Purchased supplies on account from Parkview Company, $900. |
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| March 10 |
Paid employee salaries, $2,200. |
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| March 14 |
Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was |
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placed on account. Payments will be $375.00 per month for 20 months. The first payment is due 4/1. |
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Note: Use accounts payable for the balance due. |
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| March 15 |
Received cash for landscaping revenue for the first half of March, $4,896. |
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| March 19 |
Made payment on account to Parkview Company, $450. |
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| March 31 |
Received cash for landscaping revenue for the last half of March, $5,304. |
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| March 31 |
Declared and paid cash dividend of $1,000. |
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