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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

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 $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 receives $2,100 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets Liabilities Equity a. $ 122,000 = $ 0+ b. C. d. + + Analyze General Journal > 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). Show less A View transaction list Journal entry worksheet < A B C D 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. Date May 15 General Journal Debit Credit Cash 101 Office Supplies 124 Date Amount Date Amount Date: Amount Date Amount Ending balance Ending balance Equipment 167 Accounts Payable 201 Date Amount Date Amount Date Amount Date Amount Ending balance Ending balance Unearned Landscaping Revenue 236 Common Stock 307 Date Amount Date Amount Date Amount Date Amount Ending balance Landscaping Revenue 403 Date Amount Date Amount Ending balance

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