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Please solve these: fE1-G Selected transactions for Green Vane}? Lawn Care Company are listed below. Ana-biz: the effect of . Made cash investment to start

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\fE1-G Selected transactions for Green Vane}? Lawn Care Company are listed below. Ana-biz: the effect of . Made cash investment to start business. transactions. Paid monthly rent. {L0 4] Purchased equipment on account. . Billed customers for services performed. . mjdrew cash For owner's petsona] use; Received cash 'om customers billed in (4). . Incurred advertising expense on account Purchased additional equipment for cash. Received cash From customers when service was performed wadathNH Irumrcom List the numbers of the above transactions and describe the eHcct of each transaction on assets, Iiabies, and owners equity. For' example, the rst answer is: {1) Increase in assets and increase in owner's equity. P1-4A Trixie Maye started her own consulting rm, Matrix Consulting, on May 1, 201?. Amblze transactions and The following transactions occurred during the month of May. prepare nancial statements. May 1 Trixie invested $108!) cash in the business. {LO 3. 4. 5} 2 Paid $900 for ofce rent for the month. 3 Purchased $15G] of supplies on account. 5 Paid $125 to advertise in the County HMS. 9 Received $4,011) cash for services performed. 12 lNithdrew $1,130 cash forpersonal use. 15 Performed $5,400 of services on account. l'II' Paid $2,503 for employee salaries. 2|] Paid for the supplies purchased on account on May 3. 23 Received a cash payment of 34,000 For services performed on account on May 15. 26 Borrowed 35,000 From the bank on a note payable. 29 Purchased equipment for $4,200 on account. 3|] Paid $235 for utilities. Immm (a) Show the effects of the previous transactions on the accounting equation using the [a] Total 35535 $20,300 following format. Assets liabilities Owner's Equity Accounts Notes Accounts Owner's Owner's Date Cash + Receivable + Supplies +Equipment= Payable + Payable + Capital Drawings+ Revenues m (b) Prepare an income statement for the month of May. {b} Net income $5,600 (c) Prepare a balance sheet at May 31: 201?. [c] Ca5h $14,600

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