Selected transactions for Green Lawn Care Ltd. follow:
1. Issued common shares to shareholders in exchange for $5,000 cash.
2. Purchased $250 of supplies on account.
3. Billed customers $2,500 for services performed.
4. Paid a $100 dividend to shareholders.
5. Received $1,800 cash from customers billed in transaction 3.
6. Purchased equipment for $3,500, paying $500 cash and signing a bank loan in payment.
7. Performed services for $1,200 cash.
8. Paid full amount owing for supplies purchased in transaction 2.
9. Paid $750 in salaries to employees.
10. Paid $600 for insurance coverage in advance.
Instructions
Prepare a tabular analysis of the eff ects of the above transactions on the expanded accounting equation.