Sites D LDAP Login Form In How to Cut a Recip.. Help Save&Exit Submit QS 2-6 Ana

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Sites D LDAP Login Form In How to Cut a Recip.. Help Save&Exit Submit QS 2-6 Analyzing transactions and preparing journal entries LO P 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 (60n, and ok Landscaping Expense (696). 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment nt a. On May having a $3,000 value in exchange for common stock b. On May 21, Elegant Lawns purchases office supplies on credit for $500 C. On May 25, Elegant Lawns receives $4,000 cash for peforming landscaping services d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer Int ences Complete this question by entering your answers in the tabs below General T accounts Journal Analyze Post the entry using T-accounts to represent ledger accounts. Cash 101 21 15 25

Explanation / Answer

Post the entry using T-accounts to represent ledger accounts Cash 101 15-May $7,000 25-May $4,000 30-May $1,000 End. Bal $12,000 Office Supplies 124 21-May $500 End. Bal $500 Equipment 167 15-May $3,000 End. Bal $3,000 Accounts Payable 201 21-May $500 End. Bal $500 Unearned Landscaping Revenue 236 30-May $1,000 End. Bal $1,000 Common Stock 307 15-May $10,000 End. Bal $10,000 Landscaping Revenue 403 25-May $4,000 End. Bal $4,000

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