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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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); 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 $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 $8,600 cash for performing landscaping services d. On May 30, Elegant Lawns receives $1,800 cash in advance of providing landscaping services to a customer Analyze General Journal T accounts Post the entry using T-accounts to represent ledger accounts. (TIP: For right side T-account entries you must use a right side dates account entries you must use a left side date selection.) Amount Date Amount Office Supplies 124 Amount Date 440 Dato May 15 May 25 May 30 Cash 101 Amount Date 78.0001 8,600 May 2 1.800 End, bal 88.400 End, bal. 1 Equipment 167 Amount Date Amount Date Accounts Payable 201 Amount Date May 21 Date May 15 Amount 38,000 End bal 38.000 End, bal Date Unearned Landscaping Revenue 236 Amount Date May 30 Amount D. Tyler, Capital 301 Amount Date May 15 Amount 1,800 116.000 ET End bal 1,800 End, bal 116.000 Date Landscaping Revenue 403 Amount Date May 25 Amount 8,600 End. bal

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