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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

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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); 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 $74,000 in cash along with equipment having a $34,000 value in exchange for common stock. b. On May 21 , Elegant Lawns purchases office supplies on credit for $360. c. On May 25, Elegant Lawns receives $8,200 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,400 cash in advance of providing landscaping services to a customer. Answer is not complete. Complete this question by entering your answers in the tabs below. Analyze General Journal Taccounts Post the entry using T-accounts to represent ledger accounts. (TIP: For right side T-account entries you must use a right side date selection account entries you must use a left side date selection.) Date Cash 101 Amount Date 74.000 2 I MAV 25 Amount Office Supplies 124 Amount Date 30 May 25 Amount Date 21 May 16 6 Date Amount Amount Office Supplies 124 Amount Dato 360 May 25 >> May 21 . Cash 101 Amount Date 74,000 May 25 8,200 May 21 1,400May 25 Date May 15 May 25 May 30 OOO 0 0 0 End, bal 83,600 End, bal 360 Date Equipment 167 Amount Date 34,000 May 25 Amount Date May 15 Accounts Payable 201 Amountt Date May 21 Amount 360 0 May 15 * > > 360 End, bal 34,000 End, bal Date May 21 Unearned Landscaping Revenue 236 Amount Date May 30 Amount 1.400 Date May 25 Common Stock 307 Amount Date 0 May 15 Amount 108,000 3 > End. bal. 34,000 End, bal 360 Unearned Landscaping Revenue 236 Amount Date Date Date May 21 Amount 1,400 Common Stock 307 Amount Date 0 May 15 Amount 108,000 0 May 30 May 25 x End, bal 1,400 End, bal 108,000 Date May 15 Landscaping Revenue 403 Amount Date 0 May 25 X Amount 8,200 End, bal 8,200

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