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 Taccounts 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 (2018 Unearned Landscaping Revenue (236) Common Stock (307), Dividends (319) Landscaping Revenue (403) Wages Expense (601) and Landscaping Expense (695) On May 15. DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $75,000 in cash along with equipment having a $35.000 value in exchange for common stock b. On May 21. Elegant Lawns purchases office supplies on credit for $380 c. On May 25. Elegant Lawns receives $8,300 cash for performing landscaping services, d. On May 30. Elegant Lawns receives $1.500 cash in advance of providing landscaping services to a customer Complete this question by entering your answers in the tabs below. denen Analye Journal Taccounts Post the entry using accounts to represent ledger accounts (TIP Forrat de Taccountries you must use a right side date selection. For at side account entries you must useft side date selection) Cash 101 Office Supplies 124 Date Amount Amouet Date Amount Date Amount May 16 75.000 May 21 350 May 25 3300 ho Date Prey 1 of 8 1: Next > 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. Fou account entries you must use a left side date selection.) Amount Date May 15 May 25 May 30 Amount Cash 101 Amount Date 75,000 8,300 1,500 Office Supplies 124 Amount Date 380 Date May 21 End bal 84 800 End bal 380 Equipment 167 Amount Date 35,000 Date May 15 Amount Accounts Payable 201 Amount Date 380 Date May 21 Amount End bal 35.000 End bal 380 Unearned Landscaping Revenue 236 Common Stock 307 Date May 30 Unearned Landscaping Revenue 236 Amount Date Amount 1,500 Common Stock 307 Amount Date Date Amount End bal 1,500 End bar Ne Date May 25 Landscaping Revenue 403 Amount Date 8.300 Amount End bal 3.300