Homework: Chapter 1 Exercises Save HW Score: 6.11% 0.92 of 15 pts Score: 0 of 1 pt 2 of 15 (3 complete XT11-4 (similar to) 17. Using the information provided, analyze the attects of Lowden Lawn Service's transactions on the accounting equation Click the icon to view the transactions) Question Help Analyze the events chronologically one transaction at a time, beginning with the transaction on May 1st. For each transaction that follows the May 1st transaction, caldate the balance in each account after analyzing its effect on the accounting equation (Complete only the necessary answer boxes for your transaction lines for transaction lines, do not enter a of an account is not affected by the transaction Carry down al balances to the Bal.ine, including zero balance accounts, entering av for any zero balances Enter a decrease in an account with a minusion or parentheses Abbreviation used Contr. Contributed Liab. Lates) ASSETS LIAB EQUITY - X More Info Contr. Capital Retained Earnings Cash AccountsComent Accounts Common Dividends Service Gas May 1 Received $2.000 and issued ormon stock May 3 Purchased a mower on account 51.900 Receivable Payable Stock Revenue Expense May 5 Performed lawn services for client on account $1.200 5/1 May 17 Paid S60 cash forgassed in mower May 28 Paid cash dividends of $300 . + Enter any number in the edit felds and then click Check Answer Print Done 4 pas remaining Clear All Final Check