For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal e
Posted: Sun Jun 05, 2022 7:18 pm
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).
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).