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Analyze the transaction using the accounting equation

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Question -

1. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $86,000 in cash along with equipment having a $46,000 value.

2. On May 21, Elegant Lawns purchases office supplies on credit for $600.

3. On May 25, Elegant Lawns receives $9,400 cash for performing landscaping services.

4. On May 30, Elegant Lawns receives $2,600 cash in advance of providing landscaping services to a customer.

Required - For each of the above transaction, analyze the transaction using the accounting equation.

Reference no: EM132576354

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