S 2-8 (Algo) Analyzing transactions and preparing journal entries LO A1 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 $81,000 in cash along with equipment having a $41,000 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 $8,900 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,100 cash in advance of providing landscaping services to a customer. 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. $ 81,000= + $ 41,000 b. 500+ C. $ 8,900 = d. $ 2,100= ++ 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); Common Stock (307); Dividends (319); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). Show less A View transaction list Journal entry worksheet 1 23 4 On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $81,000 in cash along with equipment having a $41,000 value in exchange for common stock. Note: Enter debits before credits. Date May 15 General Journal Debit Credit Record entry Clear entry View general journal k nces Analyze Journali For each of the above transaction, record the transaction in journal entry form. Use the following (partial) chart of accounts- numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Ac Payable (201); Unearned Landscaping Revenue (236); Common Stock (307); Dividends (319); Landscaping Revenue (403); Expense (601), and Landscaping Expense (696). View transaction list Journal entry worksheet < 3 4 On May 21, Elegant Lawns purchases office supplies on credit for $500. Note: Enter debits before credits. Date May 21 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 On May 25, Elegant Lawns receives $8,900 cash for performing landscaping services. Note: Enter debits before credits. Date May 25 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 On May 30, Elegant Lawns receives $2,100 cash in advance of providing landscaping services to a customer. Note: Enter debits before credits. Date May 30 General Journal Debit Credit Record entry Clear entry View general journal < Analyze T accounts > Analyze General 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 Office Supplies 124 Date Amount Date Amount Date Amount Date Amount End. bal. End. bal. Equipment 167 Accounts Payable 201 Date Amount Date Amount Date Amount Date End. bal. Date End. bal Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount End bal Date End. bal. Amount Common Stock 307 Amount Date Amount Date Amount Amount End. bal