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 $76,000 in cash along with equipment having a $36,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $400. c. On May 25, Elegant Lawns receives $8,400 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,600 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. Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets Liabilities + Equity a. + b. + C. + d. + Analyze 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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). Show less A View transaction list Journal entry worksheet 1 2 3 4 > On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $76,000 in cash along with equipment having a $36,000 value. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal 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. For left side T- account entries you must use a left side date selection.) Cash 101 Date Office Supplies 124 Amount Date Date Amount Amount Date Amount End. bal. End. bal. Equipment 167 Amount Date Accounts Payable 201 Amount Date Date Amount Date Amount End. bal. End. bal. Unearned Landscaping Revenue 236 Amount Date D. Tyler, Capital 301 Amount Date Date Amount Date Amount End. bal. End. bal. Landscaping Revenue 403 Amount Date Date Amount End. bal.