Post the entry using T-accounts to represent ledger accounts. Use the following charts of accounts. Cash, office supplies,equipment, accounts payable, unearned landscaping revenue, common stock and landscaping revenue. on may 15 Deshawn Tylor opens a land scaping company called elegant lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock. On May 21 elegant lawns purchases office supplies on credit for $500 On May 25 Elegant Lawns receives $4000 cash for performing landscaping services On May 30 elegant lawns receives $1000 cash in advance of providing landscaping services to a customer.
Post the entry using T-accounts to represent ledger accounts. Use the following charts of accounts. Cash, office supplies,equipment, accounts payable, unearned landscaping revenue, common stock and landscaping revenue. on may 15 Deshawn Tylor opens a land scaping company called elegant lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock. On May 21 elegant lawns purchases office supplies on credit for $500 On May 25 Elegant Lawns receives $4000 cash for performing landscaping services On May 30 elegant lawns receives $1000 cash in advance of providing landscaping services to a customer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on may 15 Deshawn Tylor opens a land scaping company called elegant lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock.
On May 21 elegant lawns purchases office supplies on credit for $500
On May 25 Elegant Lawns receives $4000 cash for performing landscaping services
On May 30 elegant lawns receives $1000 cash in advance of providing landscaping services to a customer.
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