Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr) to identify the kind of entry that would increase the account balance, Account Type of Account Normal Balance Increane (Dr. or C) a Land b Cash c Legal Expense d Propaid Insurance Accounts Receivable Owner Withdrawals License: Fae Revenue h Uneamed Revenue Fees Eamed Equipment Notes Payable Owner Capital 5. QS 2-6 Analyzing transactions and preparing journal entries LO P1 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 (157) Accounts Payable (201) Unearned Landscaping Revenue (236; D. Tyder, Capital (301). D. Tyler. Withdrawals (302) Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696) ..On May 15. Deshawn Tyler opens a landscaping company called Elegant Lawns by investing $78,000 in cash along with equipment having a $38,000 value b. On May 21. Elegant Lawns purchases office supplies on credit for $440 c. On May 25. Elegant Lawns receives 58.600 cash for performing landscaping services d. On May 30. Elegant Lavins receives $1,800 cash in advance of providing landscaping services to a customer Book All Complete this question by entering your answers in the tabs below. erence Analyse General Journal Taccounts For each of the above transaction analyze the transaction using the accounting equation Entertotal amounts only Lists Equity b General Journal Analyze General Journal Taccounts 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) D. Tyler, Capital (301). D. Tyler Withdrawals (202): Landscaping Revenue (403) Wages Expense (601), and Landscaping Expense (696). Show less View transactiom list Journal entry worksheet 1 2 4 On May 15. Deshaven Tyler opens a landscaping company called Elegant Laos by investing $78.000. In cash along with equipment having a $30.000 value och inte debts are credits Date General Journal Debit Credit May 16 thaadi chy Analye Geen Jour Taccounts Post the entry using Taccounts to represent Sedger accounts. (TIP: For right side accountantries you must use a right side date selection. For left side T- account entries you must use left side date selection) Cash 101 Office Supplies 124 Date Amount Date Amount Amount Date End EP12 Amount Accounts Payable 201 Date Date Amount Edita Unaredning Retur De Date Typ 01 Amount Date ES Land 3 0