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7 QS 2-6 Analyzing transactions and preparing Journal entries LO P1 For each transaction. ( analyze the transaction using the accounting equation (2) record the
7 QS 2-6 Analyzing transactions and preparing Journal entries LO P1 For each transaction. ( 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) Unoamed Landscaping Revenue (236; D. Tyler. Capital (3011; D. Tyler, Withdrawals (302; Landscaping Revenue (403); Wages Expense 1601. and Landscaping Expense (696). a. On May 15. De Shawn Tyler opens a landscaping company called Elegant Lawns by Investing $7.000 in cash along with equipment having a $3,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $500. c. On May 25, Elegant Lawns receives $4.000 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1.000 cash in advance of providing landscaping services to customer. 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 Liabilities + Equity a. b. + d. + General Journal >
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