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QS 2-6 Analyzing transactions and preparing journal entries LO P1 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, De Shawn Tyler opens a landscaping company called Elegant Lawns by investing 589,000 in cash along with equipment having a $49,000 value in exchange for common stock b. On May 21, Elegant Lawns purchases office supplies on credit for $660. c. On May 25. Elegant Lawns receives $9,700 cash for performing landscaping services. d. On May 30. Elegant Lawns receives $2,900 cash in advance of providing landscaping services to a customer Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation (Enter total amounts only.) Assets Liabilities Equity a b. C. d. General Journal > Journal entry worksheet Analyze General Journal Taccounts Post the entry using T-accounts to represent ledger accounts. TIP: For right side account antries you must right side date election For left side T- account entries you must use a left side date selection Cash 101 Date Date Office Supplies 124 Amount Date Amount Amount Date Ainoint End bal End, bal Equipment 167 Amount Date Accounts Payable 201 Amount Date Date Amon Date Amount End bal End bal Uneamed Landscaping Revenue 236 Amount Date Amount Common Stock 307 Amount Date Date Date Amount End bal End bal Landscaping Revenue 403 Amount Date Date Amount End bal General

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