Question

a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $75,000 in cash along with equipment having a $35,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $380. c. On May 25, Elegant Lawns recelves $8,300 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,500 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 Recelvable (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). Complete this question by entering your answers in the tabs below General Taccounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) qu c. d. General Journal

Answer 1

scash 5 ISsD istO Larl scaprry Revenue gy cosh S300