a. Susan and Lucy opened up Gardening Made Easy by contributing $23,800 on July 1, 2009, in exchange for common stock. b. The firm borrowed $17,000 from the bank on July 1. The note is a 3-year, 8% note, with both principal and interest to be repaid on June 30, 2010. C. The firm prepaid a year of rent for $1,350 that started August 1, 2009. d. The firm paid $975 cash for operating expenses for the first month. e. The firm earned $11,500 in revenue the first month. Of that amount, $7,000 was collected in cash. f. The firm hired an administrative assistant and paid $585 cash in salary expense for the first month. g. The firm declared and paid distributions to owners in the amount of $2,150 for the first month. h. At the end of the month, $38 of interest payable is due but not yet paid on the note from item (b). Requirement 1. Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the nece Shareholders' Equity Contributed Capital + Retained Earnings Assets Liabilities + Account Account Account Account + + + + + + + + + || + + + + + + + + + + + + + + + + + + + +