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17. Using the information provided, analyze the effects of Livine Lawn Service's transactions on the accounting equation View the transactions, Analyze the events chronologically, one transaction at a time, beginning with the transaction on May 4st. 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 input fields for the transaction lines. [Do not enter any zeros for the transaction lines.] Enter a decrease in an account with a minus sign or parentheses. Carry down all balances to each Balance line, including zero balance accounts, entering a 0 for any zero balances.) Assets = Liabilities + Equity Cash + Accounts + Equipment = Accounts + Common - Dividends + Service - Gas Receivable Payable Stock Revenue Expense May 1 = Transactions May 1 Received $4,200 and issued common stock May 3 Purchased a mower on account, $1,400. May 5 Performed lawn services for client on account, $1,100. May 17 Paid $140 cash for gas used in mower. May 28 Paid cash dividends of $500