1. paid cash for rent 400 dollars

2. ownerwithdrew equity in the form of cash 150dollars

3. Received cash from sales 900 dollars

4.paid cash for camera repairs 100 dollars

5. Sold services on account to Eden wedding planners 400 dollars

6. Received cash from sales650 dollars

7. Paid cash for charitable contribution 35 dollars

8. Received cash on account from Eden wedding planners300dollars

application problem transaction

Application Problem: Determining how transactions change an account equation L04,8 Bethany Hartman is starting Hartmans artman is starting Hartmans Lawn Service a small service business. Hartman's uses the accounts the following equation. Use the form in your Working Papers to complete rorm in your Working Papers to complete this problem. Liabilities Owner's Equity Aects. Pay.-- Prepaid Aects. Pay. Hickman Bethany Hartman, Cash + Supplies + Inwence. Knapp Co. + Mowing Capital + 5.000 5,000 Trans Instructions: For each transaction, complete the following. Transaction 1 is given as an example. a. Analyze the transaction to determine which accounts in the accounting equation are affected. b. Write the amount in the appropriate columns using a plus sign (+) if the account increases or a minus sig account decreases. Calculate a new balance for each transaction in the accounting equation. d. Before going on to the next transaction, determine that the accounting equation is still in balance. Transactions: 1. Received cash from owner as an investment, $5,000.00 2. Paid cash for insurance, $1,800.00. 3. Bought supplies on account from Hickman Mowing, $700.00 4. Bought supplies on account from Knapp Co., $200.00 5. Paid cash on account to Hickman Mowing, $300.00. 6. Paid cash for supplies, $100.00. 7. Paid cash on account to Knapp Co., $100.00. 8. Received cash from owner as an investment, $1,000.00 lication Problem: Determining how revenue, expense, and w transactions change an accounting equation Application Problem: Determining how transactions change an account equation L04,8 Bethany Hartman is starting Hartmans artman is starting Hartmans Lawn Service a small service business. Hartman's uses the accounts the following equation. Use the form in your Working Papers to complete rorm in your Working Papers to complete this problem. Liabilities Owner's Equity Aects. Pay.-- Prepaid Aects. Pay. Hickman Bethany Hartman, Cash + Supplies + Inwence. Knapp Co. + Mowing Capital + 5.000 5,000 Trans Instructions: For each transaction, complete the following. Transaction 1 is given as an example. a. Analyze the transaction to determine which accounts in the accounting equation are affected. b. Write the amount in the appropriate columns using a plus sign (+) if the account increases or a minus sig account decreases. Calculate a new balance for each transaction in the accounting equation. d. Before going on to the next transaction, determine that the accounting equation is still in balance. Transactions: 1. Received cash from owner as an investment, $5,000.00 2. Paid cash for insurance, $1,800.00. 3. Bought supplies on account from Hickman Mowing, $700.00 4. Bought supplies on account from Knapp Co., $200.00 5. Paid cash on account to Hickman Mowing, $300.00. 6. Paid cash for supplies, $100.00. 7. Paid cash on account to Knapp Co., $100.00. 8. Received cash from owner as an investment, $1,000.00 lication Problem: Determining how revenue, expense, and w transactions change an accounting equation