(solution) a. On May 15, DeShawn Tyler opens a landscaping company called

(solution) a. On May 15, DeShawn Tyler opens a landscaping company called

a.

On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock.

b. On May 21, Elegant Lawns purchases office supplies on credit for $500.
c. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
d.

On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.