17. Using the information provided, analyze the effects of Lawlor Lawn Service's transactions on the accounting equation. (Click the icon to view the transactions.) Analyze the events chronologically, one transaction at a time beginning with the May 1 transaction. 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. [Do not enter any zeros for your transaction lines.] 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. = Contributed; Liab. = Liabilities.) 5/1 Cash ASSETS + Accounts + Equipment Receivable + + LIAB. EQUITY Accounts + Lawlor, Lawlor, + Service Gas More info Payable Capital Withdrawals Revenue Expense + + May 1 Received $2,000 and gave capital to Edmond Lawlor. May 3 Purchased a mower on account, $2,000. May 5 Performed lawn services for client on account, $1,000. May 17 Paid $70 cash for gas used in mower. May 28 Edmond Lawlor withdrew cash of $700. Print Done