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 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). On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value. On May 21, Elegant Lawns purchases office supplies on credit for $500. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.

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(601), and Landscaping Expense (696). a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by Investing $7,000 in cash along with equipment having a $3,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $500. c. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. Answer is not complete. Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts a For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only) Assets = Llabilities - Equity Free-form Snip s 10,000 = 0 + 10,000 b. S 500 S 500 + 0 C. $ 4,000 = S 0 + $ 4,000 d. s 1,000 = 1,000 + 0 Analyze General Journal > & Answer is not complete. Complete this question by entering your answers in the tabs below. Analyze General Journal Taccounts For each of the above transaction, record the transaction in journal entry form. 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). Show less No Date General Journal Credit May 15 Cash Equipment Debit 7,000 3,000 May 21 Office supplies 500 tangular 3 May 25 Cash 4,000 4 May 30 Cash 1,000 Analyze accounts > Answer is not complete. Complete this question by entering your answers in the tabs below. Analyze General Journal 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 left side T- account entries you must use a left side date selection.) Date Amount Amount Cash 101 Amount Date 7,000 4,000 1,000 Office Supplies 124 Amount Date 500 Date May 21 May 15 May 25 May 30 End. bal. 12,000 End. bal. 500 Equipment 167 Date Amount Date May 153 ,000 Accounts Payable 201 Amount Date Amount Date Amount Namai Snio End, ball 3,000 End. bal. End. bal. 12,000 End. bal. 500 Equipment 167 Date Amount Date May 153 ,000 Accounts Payable 201 Amount Date Date End, bal 3,000 End, bal Unearned Landscaping Revenue 236 Amount Date D. Tyler, Capital 301 Amount Date Date Amount Date Amount End. bal. End. bal. Landecaping Revenue 403 Amount Date Date Amount End. bal. (General Journal