Q7: balance sheet

Note: do it on Excel please

Transactions 1. Dec. 1* - a new company is formed called "Lawn Darter, Inc." $10,000 cash is contributed to the start-up in exchange for common stock. 2. Dec. 14 - $1,500 was paid for 3 months' rent in advance. 3. Dec. 14-a $2,400 riding lawn mower was purchased in cash. This plece of equipment was determined to have a 2 year (24 month) usable lifespan. 4. Dec. goh - $400 of supplies were purchased on account and paid in cash 30 days later. 5. Dec. 10th-lawn service job was performed and payment was $1,250 In cash 6. Dec. 12th a customer paid $1,400 in cash for lawn service to be performed Jan. 10th 7. Dec. 15th - lawn service Job was performed and payment was $1,100 in cash 8. Dec. 17th--lawn service job was performed and payment was $750 on account, pald in cash 30 days later. 9. Dec. 20th -- lawn service job was performed and payment was $1,800 In cash 10. Jan. 1* - an Inventory was done and it was determined $150 of supplles were used in Dec. 11. Jan. Sth-a $200 dividend for the prior year was pald in cash 12. Jan. 5th - $1,700 In employee wages for Dec. were pald In cash 13. Jan. 10th - lawn service Job was performed per previous agreement 14. Mar. 14 - $450 of Income taxes were due for the prior year