Question

 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.

 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).

Answer 1

Analyse
	Assets	=	Liabilities	+	Equity
a.	140,000	=		+	140,000
b.	680	=	680	+
c.	9,800	=		+	9,800
d.	3,000	=	3,000	+
General Journal
No	Date	General Journal			Debit	Credit
1	15-May	Cash			90,000
		Equipment			50,000
		D.Tyler ,Capital				140,000
2	21-May	Office supplies			680
		Accounts payable				680
3	25-May	Cash			9,800
		landscaping revenue				9,800
4	30-May	cash			3,000
		Unearned landscaping revenue				3,000
T-Accounts
Cash					office upplies
15-May	90,000				21-May	680
25-May	9,800
30-May	3,000
End.Bal	102,800				End bal	680
Equipment					Accounts payable
15-May	50,000						680	21-May
End bal	50,000
Unearned landscaping revenue					D.Tyler,Capital
		30-May	3,000				30-May	140,000
		end bal	3,000				end bal	140,000
Landscaping revenue
		25-May	9,800
		End bal	9,800