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 Recelvable $(106)$; 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 $$81,000$ in cash along with

equipment having a $$41,000$ value in exchange for common stock.

b$.$ On May $21,$ Elegant Lawns purchases office supplies on credit for $$500.$

c$.$ On May $25,$ Elegant Lawns receives $$8,900$ cash for performing landscaping services.

d$.$ On May $30,$ Elegant Lawns recelves $$2,100$ cash in advance of providing landscaping services to a customer.

Complete this question by entering your answers in the tabs below.

For each of the above transaction, analyze the transaction using the accounting equation.

Note: Enter total amounts only.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 $(696).$

Journal entry worksheet

On May $15,$ DeShawn Tyler opens a landscaping company called Elegant Lawns

by investing $$81,000$ in cash along with equipment having a $$41,000$ value in

exchange for common stock.

Note: Enter debits before credits.Chapter $2$: Homework $($Part $1)i$

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Question $5-$ Chapter $2$: Home

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$5$

$\backslash$table$[[$Analyze$,\backslash$table$[[$General$],[$Journal$]]]]$

Post the entry using T$-$accounts to represent ledger accounts.

Note: 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,

$17\mathrm{.}85$

$\backslash$table$[[$Cash $101],[$Date$,$Amount,Date,Amount,$],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Office Supplies $124],[$Date Amount,Date,Amount,,$],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Equipment $167],[$Date$,$Amount,Date,Amount,$],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Accounts Payable $201],[$Date$,$Amount,Date,Amount,$],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Unearned Landscaping Revenue $236],[$Date Amount,Date,Amount,,$],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Common Stock $307],[$Date$,$Amount,Date,Amount,$],[,,,,],[,,,,],[,,,,],[,,,,]]$

$\backslash$table$[[$Landscaping Revenue $403],[$Date Amount,Date,Amount,,$],[,,,,],[,,,,],[,,,,],[,,,,]]$

$2$

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