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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 Taccounts For each of the above transaction, analyze the transaction using the accounting equation (Enter total amounts only.). Liabilities Equity $ 122.000 = $ 0 Assets a . b. C. 11 d. General Journal >
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 Recevable (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 View transaction list Journal entry worksheet < А B с р 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 General Journal Debit Credit Date May 15
Cash 101 Date Date Amount Office Supplies 124 Amount Date Amount Date Amount Ending balance Ending balance Equipment 167 Amount Date Date Accounts Payable 201 Amount Date Amount Date Amount Ending balance Ending balance Unearned Landscaping Revenue 236 Amount Date Amount Common Stock 307 Amount Date Date Date Amount Ending balance Ending balance Landscaping Revenue 403 Amount Date Date Amount