Nov. 1 Stockholders contributed $15,000 and a truck, with a market value of $3,000, to the business in exchange for common stock. 2 The business paid $4,000 to Pleasant Properties for November through February rent. (Debit Prepaid Rent) 3 Paid $4,800 for a business insurance policy for the term November 1, 2018 through October 31, 2019. (Debit Prepaid Insurance) Purchased cleaning supplies on account, $320. 5 Purchased on account an industrial vacuum cleaner costing $1,500. The invoice is payable November 25. 7 Paid $3,900 for a computer and printer. 4. 6. Performed cleaning services on account in the amount of $4,700. 10 Received $200 for services rendered on November 9. 15 Paid employees, $400. Received $15,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2018, and ends November 15, 2019. (Credit Unearned Revenue) 16 17 Provided cleaning services and received $400 cash. 18 Received a utility bill for $175 with a due date of December 4, 2018. (Use Accounts Payable) 20 Borrowed $36,000 from bank with interest rate of 6% per year. 21 Received $500 on account for services performed on November 9. 25 Paid $750 on account for vacuum cleaner purchased on November 5. 29 Paid $200 for advertising. 30 Cash dividends of $1,400 were paid to stockholders.

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on credit on April 13. The seller's cost of the merchandise returned was $480. The merchandise is not defective and is restored to inventory. The seller has not yet received any cash from the customer.

The following transactions occurred for Luminary Engineering: View the transactions. Journalize the transactions of Luminary Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Luminary, Capital; Luminary, Withdrawals; Service Revenue; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Date Jul. 2 Transactions Jul. 2 Accounts and Explanation Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Debit Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Paid utilities expense of $440. Purchased equipment on account, $2,600. Performed services for a client on account, $3,500. Borrowed $7,200 cash, signing a notes payable. Luminary withdrew $650 cash from the business. Purchased…

Create a schedule of accounts receivable using the accounts receivable subsidiary ledger‘s.