17. Using the information provided, analyze the affects of Lawry Lawn Service's transactions on the accounting equation. i(Click the ico con to view the transactions.) Analyze the events chronologically, one transaction at a time, beginning with the transaction on May 1st. For each transaction that follows the May 1st transaction, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. For transaction lines, do not enter a "0" if an account is not effected by the transaction. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviation used: Contr. Contribute Liab. Liabilities.) ASSETS LIAB. EQUITY Contr. Retained Earnings Capital Dividends Cash Accounts +Equipment Accounts Common Service Gas + + Receivable Payable Stock Revenue Expense Enter any number in the edit fields and then continue to the next question. affects of Lawry Lawn Service's transactions on the accounting equation More Info May 1 Received $2,000 and issued common stock. Purchased a mower on account, $1,600 Performed lawn services for client on account, $300. May 3 May 5 May 17 Paid $40 cash for gas used in mower. May 28 Paid cash dividends of $200. Print Done