(Solved): For each transaction, (1) analyze the transaction using the accounting equation, (2) record the tra ...

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 $7,000 in cash along with equipment having a $3,000 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 $4,000 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze General Journal For each of the above General Journal halyze the transaction using the accounting equation. (Enter total amounts only.) Liabilities. Equity a. b. C. d. Assets M T accounts Journal entry worksheet < 1 2 3 On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock. Note: Enter debits before credits. Date May 15 Record entry 4 General Journal Clear entry Debit Credit View general journal View transaction list Journal entry worksheet < 1 2 Date May 21 3 On May 21, Elegant Lawns purchases office supplies on credit for $500. Note: Enter debits before credits. Record entry 4 General Journal Clear entry < Analyze Debit Credit View general journal T accounts View transaction list Journal entry worksheet < 1 2 On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services. Note: Enter debits before credits. Date May 25 4 Record entry General Journal Clear entry Debit Credit View general journal Need-to-Know Videos (5 pts) i View transaction list Journal entry worksheet < 1 2 3 On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer. Note: Enter debits before credits. Date May 30 Record entry General Journal Clear entry Saved Debit Credit View general journal 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. account entries you must use a left side date selection.) Cash 101. Date End. bal. Date End, bal Date End. bal. Date Amount Date Equipment 167 Amount Date. Amount Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Amount Date Amount Amount Amount Date End, bal. Date End. bal. Date End. bal.. Office Supplies 124 Date Amount Accounts Payable 201 Date Amount Common Stock 307 Date Amount Amount Amount Amount