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Saved Help Save & Exits Ko Check my wo For each transaction (1) analyze the transaction using the accounting equation, (2) record the transaction in
Saved Help Save & Exits Ko Check my wo 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 receives $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
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