23 3.03 ports Ref 2-8 (Algo) Analyzing transactions and preparing journal entries LU AT For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. Use the following partial chart of accounts-account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124) Trucks (153); Equipment (167); Accounts Payable (201): Unearned Landscaping Revenue (236): Common Stock (307); Dividends (319) Landscaping Revenue (403): Wages Expense (601), and Landscaping Expense (696). a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $88,000 in cash along with equipment having a $48,000 value in exchange for common stock b. On May 21, Elegant Lawns purchases office supplies on credit for $640. c. On May 25, Elegant Lawns receives $9,600 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,800 cash in advance of providing landscaping services to a customer Mr Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation, (Enter total amounts only.) Assets A b c d. Liabilities . Equity . ..... Hout neck my wor ces For each transaction, (y) analyze the transaction using the accounting equation, (4) record the transaction in journal entry form, ano (5) post the entry using T-accounts to represent ledger accounts. Use the following partial chart of accounts-account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201) Unearned Landscaping Revenue (236): Common Stock (307); Dividends (319); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $88,000 in cash along with equipment having a $48,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $640. c. On May 25, Elegant Lawns receives $9,600 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,800 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts For each of the above transaction, record the transaction in journal entry form. Use the following (partial) chart of accounts-account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); Common Stock (307); Dividends (319); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). View transactions View journal entry worksheet No 1 Date May 15 General Journal Debit Credit No Transaction Recorded Show less Analyze General Journal T accounts Check my work Post the entry using T-accounts to represent ledger accounts. (TIP: For right side T-account entries you must use a right side date selection. For left side T- account entries you must use a left side date selection.) Cash 101 Office Supplies 124 Date Amount Date Amount Date Amount Date Amount End. bal End. bal Equipment 167 Accounts Payable 201 Data Amount Date Amount Date Amount Date Amount End. bal Date Unearned Landscaping Revenue 236 Amount Date End. bal. Common Stock 307 Amount Date Amount Date Amount 3.03 points End. bal. Unearned Landscaping Revenue 236 Book References Date Mc End. bal. Amount Date Landscaping Revenue 403 Date Amount End. bal. Date End. bal. Common Stock 307 Amount Date Amount Date Amount Amount End. bal. General Journal Brow 23 of 33 Next >