Question 1 A number of business transactions carried out by JJs Lawn Care Service are as follows 3 May1 Jill Jones and her family invested 8000 in J's Lawn Care Service and received 800 shares of stock. May2 Purchased a riding lawn mower for 2500 cash. May& Purchased a truck for 15000, paying 2000 in cash and issuing a note payable for the remaining 13000. May 11 Purchased some repair parts for 300 on account. May 18 sold half of the repair parts at a price equal to their cost, 150, collectible within 30 days. May25 Received 75 in partial collection of the account receivable from the sale of repair parts. May28 Paid 150 of its accounts payable. May29 Recorded lawn care services provided during May of 750. All clients paid in cash. 3 May 31 Purchased gasoline for the lawn mower and the truck for 50 cash. Required a Prepare the income statement of JJ's Lawn Care Service for the month ended May 31, 2012 b.Prepare the statement of Retained Earnings at May 31, 2012. c.Prepare the company's balance sheet at May 31, 2012 Provide the unswer to the next page "Answer to 1