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Points: 0 of 1 1 7 . Using the information provided, analyze the effects of Lawlor Lawn Service's transactions on the accounting equation. ( 2
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Using the information provided, analyze the effects of Lawlor Lawn Service's transactions on the accounting equation.
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Analyze the events chronologically, one transaction at a time beginning with the May transaction. For each transaction that follows the May st transaction, calculate the balance in each account after analyzing its effect on the accounting equation. Complete only the necessary answer boxes for your transaction lines. Do not enter any zeros for your transaction lines. Carry down all balances to the "Bal." line, including zero balance accounts, entering a for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviation used: Contr. Contributed; Liab. Liabilities.
ASSETS
LIAB. EQUITY
Cash Accounts Equipment Accounts Lawlor, Lawlor, Service Gas
Receivable
Payable Capital
Withdrawals
Expense
Revenue
Expense
More info
May Received $ and gave capital to Eric Lawlor.
May Purchased a mower on account, $
May Performed lawn services for client on account, $
May Paid $ cash for gas used in mower.
May Eric Lawlor withdrew cash of $
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