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a On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $85,000 in cash along with equipmen having a $45,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $580. c On May 25, Elegant Lawns receives $9,300 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,500 cash in advance of providing landscaping services to a customer. General Analyze T accounts Journal

a On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $85,000 in cash along with equipmen having a $45,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $580. c On May 25, Elegant Lawns receives $9,300 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,500 cash in advance of providing landscaping services to a customer. General Analyze T accounts Journal

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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All three Accounting equation , Journals , T accounts are required.

a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $85,000 in cash along with equipment having a $45,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $580. c. On May 25, Elegant Lawns receives $9,300 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,500 cash in advance of providing landscaping services to a customer. General Journal Analyze Тассounts For each of the above transaction, analyze the transaction usi Assets Liabilities Equity 130,000 =s 130,000 a. b. 580-$ 580 + 9,300 = ol + C. d. 2,500- 2,500+ 24
Transcribed Image Text:a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $85,000 in cash along with equipment having a $45,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $580. c. On May 25, Elegant Lawns receives $9,300 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,500 cash in advance of providing landscaping services to a customer. General Journal Analyze Тассounts For each of the above transaction, analyze the transaction usi Assets Liabilities Equity 130,000 =s 130,000 a. b. 580-$ 580 + 9,300 = ol + C. d. 2,500- 2,500+ 24
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