Answer:
<em>Accounting Equation:</em>
Asset = Liablities + Equity
a) +89,000 (cash) = 0 + 89,000 (common stock)
b) +660 office supplies = +660 (account payable) + 0
c) +9,700 cash = 0 + 9,700 (Landscaping Revenue)
d) +2,900 cash = +2.900 Unearned Landscaping Revenue + 0
Total:
Asset 102,260 = Liabilities 3,560 + Equity 98,700
<em>journal entries</em>
A)
cash 89,000 debit
common stock 89,000 credit
B)
office supplies 660 debit
account payable 660 credit
C)
cash 9,700 debit
Landscaping Revenue 9,700 credit
D)
cash 2,900 debit
Unearned Landscaping Revenue 2,900 credit
<em>T-Accounts</em>
Cash
<em><u>Debit Credit</u></em>
(A) 89,000
(C) 8,700
<u> (D) 2,900 </u>
Bal: 101,600
Office Supplies
<em><u>Debit Credit</u></em>
(B) 660
Account Payable
<em><u>Debit Credit</u></em>
(B) 660
Landscaping Revenue
<em><u>Debit Credit</u></em>
(C) 9,700
Unearned Landscaping Revenue
<em><u>Debit Credit</u></em>
(D) 2,900
Common Stock
<em><u>Debit Credit</u></em>
(A) 89,000
Explanation: