Analyzing the following transactions of Elegant Lawns on Jan 31, 2017 LO 1 - LO 6

For each transaction, (1) analyze the transactions using the accounting equation, (2) record the transactions in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. (4)Help me create a Trial Balance

Analyzing the following transactions of Elegant Lawns on Jan 31, 2017 LO 1 - LO 6 For each transaction, (1) analyze the transactions using the accounting equation, (2) record the transactions in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. (4) Prepare a Trial Balance Transactions 1-4 1. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $79,000 in cash along with equipment having a $39,000 value in exchange for common stock. 2. On May 21, Elegant Lawns purchases office supplies on credit for $460. 3. On May 25, Elegant Lawns receives $8,700 cash for performing landscaping services. 4. On May 30, Elegant Lawns receives $1,900 cash in advance of providing landscaping services to a customer. 1. Enter the change in equation balances for each transaction 1. 2. 3. 4. Assets $ = = = = = Liabilities $ + + + + + Equity $ 2. Record the 4 transactions in journal entry form. Use the following (partial) chart of accounts: Cash; Accounts Receivable; Office Supplies; Trucks; Equipment; Accounts Payable; Deferred (Unearned) Landscaping Revenue; Common Stock; Dividends; Landscaping Revenue; Wages Expense; and Landscaping Expense. Enter Debit Entries (left sided alignment) under General Journal Account Name (Indent) Credit Entries under General Journal Account Name Number Date General Journal-Account Name Debit Credit 1 1 1 2 2 3 3 4 4 3. Post the journal entries using T-accounts on next page that represents ledger accounts. If you are posting a Debit to the T account enter the Date in the far left cell and the Debit amount in the next cell to the right - If you are posting a Credit to the T account put the Date in the far right cell and the Credit amount in the cell just to the left of the Date Cash Date May 1 EXAMPLE Debit $2,000 Credit $3,000 Date June 2 Cash End. bal. Equipment End. bal. Office Supplies $ $ $ $ $ $ End. bal. $ Accounts Payable $ $ $ $ $ $ $ $ $ $ $ $ $ End. bal. Deferred (Unearned) Landscaping Revenue $ $ Common Stock End. bal. End. bal. $ $ Landscaping Revenue End. bal. $ $ $ $ Prepare a Trial Balance from the T account Balances - Remember to Title the Trial Balance List accounts in the Trial Balance in the normal Account Order $ $ $ $