1. 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.
2. On May 21, Elegant Lawns purchases office supplies on credit for $300.
3. On May 25, Elegant Lawns receives $7,900 cash for performing landscaping services.
4. On May 30, Elegant Lawns receives $1,100 cash in advance of providing landscaping services to a customer.

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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696).

QS 2-6 Analyzing transactions and preparing journal entries LO P1 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. 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. 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). 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 a. b. C. d. Journal entry worksheet 2 3 4 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. Note: Enter debits before credits Date General Journal Debit Credit May 15 Record entry Clear entry View general journal