For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in...

 
 

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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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); 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 $90,000 in cash along with equipment having a $50,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $680. c. On May 25, Elegant Lawns receives $9,800 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $3,000 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze a. For each of the above transaction, analyze the transaction using the accounting equation. Note: Enter total amounts only. b. C. General Journal d. Assets T accounts |||||||||| Liabilities + + + + + Equity Analyze 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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). View transaction list T accounts A On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $90,000 in cash along with equipment having a $50,000 value. B On May 21, Elegant Lawns purchases office supplies on credit for $680. c On May 25, Elegant Lawns receives $9,800 cash for performing landscaping services. Note : D On May 30, Elegant Lawns receives $3,000 cash in advance of providing landscaping services to a customer. = journal entry has been entered Record entry Clear entry X X int Lawns value. Credit View general Journal Show less A Analyze Date Post the entry using T-accounts to represent ledger accounts. Note: TIP: For right side T-account entries you must use a right side date selection. For left side T-account entries you must use a le Cash 101 Ending balance Date Ending balance Date Ending balance Date General Journal Ending balance Amount Amount T accounts Date Amount Equipment 167 Date Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount Amount Amount Amount Date Ending balance Date Ending balance Date Ending balance < General Journal Office Supplies 124 Date Amount Accounts Payable 201 Date Amount D. Tyler, Capital 301 Date Amount T accounts > Amount Amount Amount 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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); 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 $90,000 in cash along with equipment having a $50,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $680. c. On May 25, Elegant Lawns receives $9,800 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $3,000 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze a. For each of the above transaction, analyze the transaction using the accounting equation. Note: Enter total amounts only. b. C. General Journal d. Assets T accounts |||||||||| Liabilities + + + + + Equity Analyze 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); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). View transaction list T accounts A On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $90,000 in cash along with equipment having a $50,000 value. B On May 21, Elegant Lawns purchases office supplies on credit for $680. c On May 25, Elegant Lawns receives $9,800 cash for performing landscaping services. Note : D On May 30, Elegant Lawns receives $3,000 cash in advance of providing landscaping services to a customer. = journal entry has been entered Record entry Clear entry X X int Lawns value. Credit View general Journal Show less A Analyze Date Post the entry using T-accounts to represent ledger accounts. Note: TIP: For right side T-account entries you must use a right side date selection. For left side T-account entries you must use a le Cash 101 Ending balance Date Ending balance Date Ending balance Date General Journal Ending balance Amount Amount T accounts Date Amount Equipment 167 Date Unearned Landscaping Revenue 236 Amount Date Landscaping Revenue 403 Date Amount Amount Amount Amount Date Ending balance Date Ending balance Date Ending balance < General Journal Office Supplies 124 Date Amount Accounts Payable 201 Date Amount D. Tyler, Capital 301 Date Amount T accounts > Amount Amount Amount

Answer rating: 100% (QA)

1 Transaction analyzed as per accounting equation are as follows Assets Liabilities Equity a 140000 ... View the full answer