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 Lowns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock. 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. Complete this question by entering your answers in the tabs below. Analyze General Journal Taccounts For each of the above transaction, analyze the transaction using the accounting equation (Enter total amounts only.) Equity Assets Llabilities . a. b d Central Journal > 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 $7.000 in cash along with equipment 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. Complete this question by entering your answers in the tabs below. Analyre General Journal T accounts 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); Common Stock (307); Dividends (319): Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). View transaction list Journal entry worksheet 2 3 1 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 in exchange for common stock Note: Enter debits before credits General Journal Debit Credit Date May 15 Record entry Clear entry View general journal 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 (2011 Uneared Landscaping Revenue (236): Common Stock (307); Dividends (319); Landscaping Revenue (403): Wages Expenso (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 in exchange for common stock b. On May 21. Elegant Lawns purchases office supplies on credit for $500 C. On May 25, Elegant Lowns 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. Complete this question by entering your answers in the tabs below. General Analyze Journal Taccounts 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) Cash 101 Date Date Amount Office Supplies 124 Amount Date Amount Date Amount End. bal End bal Equipment 167 Amount Date Date Accounts Payable 201 Amount Date Amount Date Amount Endi ba Endbal Unearned Landscaping Revenue 2:36 Amount Date Amount Date Common Stock 307 Amount Date Date Amount End. bal End bal Landscaping Revenue 403 Amount Date Date Amount End. Dal