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Bethany Hartman is starting Hartman's Lawn Service, a small service business. Hartman's uses the accounts shown in the following equation. Use the form in your

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Bethany Hartman is starting Hartman's Lawn Service, a small service business. Hartman's uses the accounts shown in the following equation. Use the form in your Working Papers to complete this problem. For each transaction, complete the following. Transaction 1 is given as an example. a. Analyze the transaction to determine which accounts in the accounting equation are affected. b. Write the amount in the appropriate columns using a plus sign (+) if the account increases or a minus sign (-) if the account decreases. c. Calculate a new balance for each transaction in the accounting equation. d. Before going on to the next transaction, determine that the accounting equation is still in balance. Transactions: 1. Received cash from owner as an investment, $5, 000.00. 2. Paid cash for insurance, $1, 800.00. 3. Bought supplies on account from Hickman Mowing, $700.00. 4. Bought supplies on account from Knapp Co., $200.00. 5. Paid cash on account to Hickman Mowing, $300.00. 6. Paid cash for supplies, $100.00. 7. Paid cash on account to Knapp Co., $100.00. 8. Received cash from owner as an investment, $1, 000.00

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