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analyze the transaction using the accounting equation,

analyze the transaction using the accounting equation,

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i only want the analyzing, i solved the rest already.

O Question 4 - THFE - Connect + A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti. E E Apps E Reading list THFE G Saved Help Save & Exit Submit 4 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). 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. X 00:30:39 Complete this question by entering your answers in the tabs below. General Journal T accounts Analyze For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets Liabilities Equity a. b. + с. + d. Mc Graw Hill < Prev 4 of 11 Next > 11:00 AM Pr T R G0 l ) ENG rox 1/3/2022
Transcribed Image Text:O Question 4 - THFE - Connect + A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti. E E Apps E Reading list THFE G Saved Help Save & Exit Submit 4 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). 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. X 00:30:39 Complete this question by entering your answers in the tabs below. General Journal T accounts Analyze For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only.) Assets Liabilities Equity a. b. + с. + d. Mc Graw Hill < Prev 4 of 11 Next > 11:00 AM Pr T R G0 l ) ENG rox 1/3/2022
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