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....


For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3)<br>post the entry using T-accounts to represent ledger accounts. Use the following (partial) chart of accounts-account numbers in<br>parentheses: Cash (101): Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201):<br>Unearned Landscaping Revenue (236); Common Stock (307): Dividends (319); Landscaping Revenue (403): Wages Expense (601), and<br>Landscaping Expense (696).<br>a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $88,000 in cash along with equipment<br>having a $48,000 value in exchange for common stock.<br>b. On May 21, Elegant Lawns purchases office supplies on credit for $640.<br>c. On May 25, Elegant Lawns receives $9,600 cash for performing landscaping services.<br>d. On May 30, Elegant Lawns receives $2,800 cash in advance of providing landscaping services to a customer.<br>Complete this question by entering your answers in the tabs below.<br>General<br>Journal<br>Analyze<br>T accounts<br>For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.)<br>Assets<br>Liebilities<br>Equity<br>b.<br>d.<br>General Jaurnal><br>

Extracted text: 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 $88,000 in cash along with equipment having a $48,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $640. c. On May 25, Elegant Lawns receives $9,600 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,800 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. General Journal Analyze T accounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets Liebilities Equity b. d. General Jaurnal>

Jun 11, 2022
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