Book tint rint QS 2-8 (Algo) Analyzing transactions and preparing journal entries LO A1 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 $78,000 in cash along with equipment having a $38,000 value in exchange for common stock. b. On May 21, Elegant Lawns purchases office supplies on credit for $440. c. On May 25, Elegant Lawns receives $8,600 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,800 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. frences Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets a. b. c. d. Liabilities + Equity + 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 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). Show less A View transaction list Journal entry worksheet < B C D On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by Investing $78,000 in cash along with equipment having a $38,000 value in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal Cash 101 Date Amount Date Amount Date Office Supplies 124 Amount Date Amount Ending balance Ending balance Equipment 167 Accounts Payable 201 Date Amount Date Amount Date Amount Date Amount Ending balance Date Ending balance Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount Ending balance Date Ending balance Common Stock 307 Amount Date Amount Date Amount Amount Ending balance