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 accountsaccount 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 $71,000 in cash along with equipment having a $31,000 value in exchange for common stock.

b On May 21, Elegant Lawns purchases office supplies on credit for $300.

c On May 25, Elegant Lawns receives $7,900 cash for performing landscaping services.

d On May 30, Elegant Lawns receives $1,100 cash in advance of providing landscaping services to a customer.

QS 2-8 (Algo) Analyzing transactions and preparing journal entries LO A1 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 \$71,000 in cash along with equipment having a $31,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $300. c. On May 25 , Elegant Lawns receives $7,900 cash for performing landscaping services. d. On May 30, Elegant Lawns recelves $1,100 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 uaing the acoeunting equation. (Enter total amounts only.) Journal entry worksheet On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $71,000 in cash along with equipment having a $31,000 value in exchange for common stock. Note: Enter debits before credits. For each of the above transaction, record the transaction in journal entry form. Use the following (partial) chart of accounts-accoun numbers in parentheses: Cash (101); Accounts Recelvable (106); Office Supplies (126); Truchs (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 21, Elegant Lawns purchases office supplies on credit for $300. Note: Enter debits before tredits. For each of the above transaction, record the transaction in journal entry form. Use the following (partial) chart of ac numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (1) Payable (201); Unearned Landscaping Revenue (236); Common Stock (307); Dividends (319); Landscaping Revenue Expense (601); and Landscaping Expense (696). Journal entry worksheet On May 25, Elegant Lawns recelves $7,900 cash for performing landscaping services. Note: Enter debits before credits. For each of the above transaction, record the transaction in journal entry form. Use the following (partial) chart numbers in parentheses: Cash (101); Accounts Receivable (105); Office Supplies (124); Trucks (153); Equipmen Payable (201); Unearned Landscaping Revenue (236); Common Stock (307); Dividends (319); Landscaping Reve Expense (601); and Landscaping Expense (696). Journal entry worksheet On May 30, Elegant Lawns receives $1,100 cash in advence of providing landscaping services to a customer. Note1 Enter debies before credits. Post the entry using T-accounts to represent ledger accounts. (TlP: For right side T-account entries you must use a right side date sk account entries you must use a left side date selection.)