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Concept explainers
For each transaction,
(1) analyze the transaction using the
(2) record the transaction in journal
(3) post the entry using T-accounts to represent ledger accounts.
Use the following (partial) chart of accounts-account numbers in parentheses:
Cash (101);
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.

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General
Analyze
T accounts
Journal
For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.)
Assets
Liabilities
Equity
a.
b.
%3D
с.
d.
%3D
<Analyze
General Journal >
General
Analyze
T accounts
Journal
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).
Show less A
View transaction list
Journal entry worksheet
2
3
4
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.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
May 15
II"
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