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2 Name: Complete the transactions in the template below: A through H: BALANCE SHEET a. Provided lawn services to customers in the amount of $5,000.
2 Name: Complete the transactions in the template below: A through H: BALANCE SHEET a. Provided lawn services to customers in the amount of $5,000. Customers will pay next month. b. Recognized truck depreciation of $500 for the current month. c. Delivered magazines totaling $3,000 to customers that had paid for subscriptions in advance. d. Recognized May's insurance cost. On April 1, the company had paid $4,800 for 4 months coverage from April 1 to July 31 e. Recognized interest owed on a note payable for $90. f. Recognized supplies used during the month. At the beginning of the month, the total of supplies on hand was $900, while only. $650 of supplies were left at the end of the month. During the month, $4,000 of additional supplies were purchased. g. Accrued wages earned by employees for the last 3. days of the month. Employees work 5 days per week and the weekly wages total $7,500. h. Provided lawn services totaling $6,200 for customers that had paid in advance. Assets Liabilities + Equity INCOME STATEMENT Revenues Expenses 2. Below are several accounts from Benson Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the 1) name.of.each account affected by the transaction, and 2) the dollar amount and direction of the effect.cn Assets Liabilities, Equity, Revenues and Expenses for each of the adjustments necessary at the end of May. The company records adjustments monthly
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