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i cant get this correct. For each transaction (1) analyze the transaction using the accounting equation, (2) record the transaction in Journal entry form, and
i cant get this correct.
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, De Shawn Tyler opens a landscaping company called Elegant Lawns by investing $77,000 in cash along with equipment having a $37,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $420. c. On May 25, Elegant Lawns receives $8,500 cash for performing landscaping services, d. On May 30, Elegant Lawns receives $1700 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. General Journal T accounts Analyze For each of the above transaction, analyze the transaction using the accounting equation (Enter total amounts only) Assets Liabilities Equity + b. + c. d Step by Step Solution
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