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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 $72,000 in cash along with equipment having a $32,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $320. c. On May 25, Elegant Lawns receives $8,000 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,200 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 transaction above, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets = Liabilities + Equity + + + + Analyze General Journal > 1 2 3 4 On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $72,000 in cash along with equipment having a $32,000 value. Note: Enter debits before credits. Date General Journal Debit Credit May 15 On May 21, Elegant Lawns purchases office supplies on credit for $320. Note: Enter debits before credits. Date General Journal Debit Credit May 21 1 2 On May 25, Elegant Lawns receives $8,000 cash for performing landscaping services. Note: Enter debits before credits. General Journal Debit Credit Date May 25

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