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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
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 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 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): D. Tyler, Capital (301; D. Tyler, Withdrawals (302); Landscaping Revenue (403): Wages Expense (601), and Landscaping Expense (696)
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