ONLY THE BOTTOM PICTURE

Enter each transaction into the accounting equation and identify its increase or decrease to assets, liabilities, shareholder's equity, revenues, or expenses of Green Trees and Lawn Corp. (Click to view the transactions.) Enter each transaction below into the accounting equation Begin by entering transaction 1, Green Trees and Lawn camed and collected the cash for $15,000 in service revenues. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholder's Equity Assets . Contributed Capital Retained Earnings Liabilities Account Account Choose from any list or enter any number in the input fields and then continue to the next question 20 CHAPTER 14 HOMEWORK QUESTIONS Due Date: See Assignment Sheet on Blackboard 1. Ten fraternity brothers enter into a 'pool' on the winner of the NCAA (Men's) March Madness Basketball competition. Each of the ten participants put $100 in the pool and they all agree that whoever correctly identifies the NCAA winning team will win the whole $1,000. Each of the ten participants completes his selection form and pays over the $100. Joseph, one of the participants in the pool, is entrusted with the cash. Ralph is the winner of the pool (having been the only one to identify the winning team) and he lets Joseph know to pay the $1,000 to him. Joseph refuses to turn over the money and donates it to a homeless charity. Ralph sues Joseph. Is the contract enforceable? What is the governing legal principle? Explain. In 1997, Olga and Helen, both in their 70's, befriended Paul, a homeless man in Los Angeles. They found him an inexpensive studio apartment and paid the rent for him. They also regularly purchased groceries and clothes for him. In November of 1999, poor Paul was killed by a hit and run driver in an alley near West Hollywood. In 2003, Olga and Helen also befriended ken, another homeless man in Los Angeles. They found him an inexpensive studio apartment and paid the rent for him. They also regularly purchased groceries and clothes for him. In June of 2005, poor Ken was killed by a hit and run driver in an alley in West Los Angeles. Olga and Helen had taken out numerous life insurance policies on both Paul and Ken naming themselves as the beneficiaries (entitled to receive the insurance proceeds on the death of the insured) providing total life insurance proceeds of many hundreds of thousands of dollars. (Paul and Ken had willingly signed the insurance applications.) In 2006, Olga and Helen were charged with the murder of Paul and ken. They were tried in 2008 and convicted of murder and both were 15 Enter each transaction into the accounting equation and identify its increase or decrease to assets, liabilities, shareholder's equity, revenues, or expenses of Green Trees and Lawn Corp. (Click to view the transactions.) Enter each transaction below into the accounting equation Begin by entering transaction 1, Green Trees and Lawn camed and collected the cash for $15,000 in service revenues. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholder's Equity Assets . Contributed Capital Retained Earnings Liabilities Account Account Choose from any list or enter any number in the input fields and then continue to the next question 20 CHAPTER 14 HOMEWORK QUESTIONS Due Date: See Assignment Sheet on Blackboard 1. Ten fraternity brothers enter into a 'pool' on the winner of the NCAA (Men's) March Madness Basketball competition. Each of the ten participants put $100 in the pool and they all agree that whoever correctly identifies the NCAA winning team will win the whole $1,000. Each of the ten participants completes his selection form and pays over the $100. Joseph, one of the participants in the pool, is entrusted with the cash. Ralph is the winner of the pool (having been the only one to identify the winning team) and he lets Joseph know to pay the $1,000 to him. Joseph refuses to turn over the money and donates it to a homeless charity. Ralph sues Joseph. Is the contract enforceable? What is the governing legal principle? Explain. In 1997, Olga and Helen, both in their 70's, befriended Paul, a homeless man in Los Angeles. They found him an inexpensive studio apartment and paid the rent for him. They also regularly purchased groceries and clothes for him. In November of 1999, poor Paul was killed by a hit and run driver in an alley near West Hollywood. In 2003, Olga and Helen also befriended ken, another homeless man in Los Angeles. They found him an inexpensive studio apartment and paid the rent for him. They also regularly purchased groceries and clothes for him. In June of 2005, poor Ken was killed by a hit and run driver in an alley in West Los Angeles. Olga and Helen had taken out numerous life insurance policies on both Paul and Ken naming themselves as the beneficiaries (entitled to receive the insurance proceeds on the death of the insured) providing total life insurance proceeds of many hundreds of thousands of dollars. (Paul and Ken had willingly signed the insurance applications.) In 2006, Olga and Helen were charged with the murder of Paul and ken. They were tried in 2008 and convicted of murder and both were 15