J13

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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 $76,000 in cash along with equipment having a $36,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $400. c. On May 25 , Elegant Lawns receives $8,400 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,600 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. For each of the above transaction, analyze the transaction using the accounting equation. Note: Enter total amounts only. 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). A On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $76,000 in cash along with equipment having a $36,000 value. int Lawns value. B On May 21, Elegant Lawns purchases office supplies on credit for $400. C On May 25, Elegant Lawns receives $8,400 cash for performing landscaping services. Credit D On May 30, Elegant Lawns receives $1,600 cash in advance of providing landscaping services to a customer. Note : = journal entry has been entered ost the entry using T-accounts to represent ledger accounts. lote: 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 left side date selection