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This is one whole question that has different steps. part 1: Analyze part 2A: General Journal part 2B: General Journal part 2C: General Journal part
This is one whole question that has different steps.
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 $89,000 in cash along with equipment having a $49,000 value in exchange for common stock, b. On May 21, Elegant Lawns purchases office supplies on credit for $660 c. On May 25, Elegant Lawns receives $9,700 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,900 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. b. + + c. d. + Journal entry worksheet Journal entry worksheet On May 21, Elegant Lawns purchases office supplies on credit for $660. Note: Enter debits before credits. Date General Journal Debit Credit May 21 Record entry Clear entry View general journal Journal entry worksheet Complete this question by entering your answers in the tabs below. 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 lett side T- account entries you must use a left side date selection) Cash 101 Date Date Office Supplies 124 Amount Date Amount Amount Date Amount Ending balance Ending balance Equipment 167 Amount Date Accounts Payable 201 Amount Date Date Amount Date Amount Ending balance Ending balance Uneared Landscaping Revenue 236 Amount Date Common Stock 307 Amount Date Date Amount Date Amount Ending balance Ending balance Landscaping Revenue 403 Amount Date Date Amount Ending balance part 1: Analyze
part 2A: General Journal
part 2B: General Journal
part 2C: General Journal
part 2D: General Journal
part 3: T accounts
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