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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

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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 $86.000 in cash along with equipment having a $46,000 value in exchange for common stock b. On May 21. Elegant Lawns purchases office supplies on credit for $600, c. On May 25. Elegant Lawns recelves $9.400 cash for performing landscaping services, d. On May 30, Elegant Lawns receives $2,600 cash in advance of providing landscaping services to a customer Complete this question by entering your answers in the tabs below. Analyze General Journal Taccounts Post the entry using T-accounts to represent ledger accounts. (TIP: For right side 1-account entries you must un aroht side date selection For at side sccount entries you must use left side date selection) Cash 101 Date Omice Supplies 124 Amount Date Amount Amount Amount May 15 Date May 21 Post the entry using 1-accounts to represent legger accounts. For ngnt side 1-account entries you must use a right side gate selectie account entries you must use a left side date selection.) Cash 101 Date Amount Office Supplies 124 Amount Amount Date May 15 Date Amount Date May 21 End bal End, bal Equipment 167 Amount Date Date Accounts Payable 201 Amount Date Amount Date Amount End bal End Dal Unearned Landscaping Revenue 236 Amount Amount Date Date Common Stock 307 Amount Date Date Amount End bal End bo Landscaping Revenue 403 Amount Date Date Amount

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