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HELP PLS QS 2-6 Analyzing transactions and preparing journal entries LO P1 For each transaction (1) analyze the transaction using the accounting equation, (2) record

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QS 2-6 Analyzing transactions and preparing journal entries LO P1 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 $80,000 in cash along with equipment having a $40,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $480. c. On May 25, Elegant Lawns receives $8,800 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,000 cash in advance of providing landscaping services to a customer. K 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. b. + + + + C. d. Analyze General Journal > Journal entry worksheet On May 25, Elegant Lawns receives $8,800 cash for performing landscaping services. Note: Enter debits before credits. General Jurnal Date May 25 Debit Credit Record entry Clear entry View general journal Journal entry worksheet On May 30, Elegant Lawns receives $2,000 cash in advance of providing landscaping services to a customer. Note: Enter debits before credits. Date General Journal Debit Credit May 30 Record entry Clear entry View general journal 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 date selection. For le account entries you must use a left side date selection.) Cash 101 Date Office Supplies 124 Amount Date Date Amount Amount Date Amount End, bal End, bal Equipment 167 Amount Date Accounts Payable 201 Amount Date Date Amount Date Amount Endbal End, bal Ciu. Udi. Ciu. Udit. Unearned Landscaping Revenue 236 Amount Dato Amount Common Stock 307 Amount Date Date Date Amount End, bal End. bal. Landscaping Revenue 403 Amount Date Date Amount End, bal.

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