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Rick Brown operated a lawn mowing business overt the summer. During the month of June, the following events place in his business in the month

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Rick Brown operated a lawn mowing business overt the summer. During the month of June, the following events place in his business in the month of June. 6/2 Began business by placing $5,000 in a business checking account in the name of the company. 6/3 6/4 6/5 Purchased supplies on account for $150. Purchased a riding lawn mower for $2,000, paying $800 down and agreeing to pay the rest over 12 months. Paid $2,200 in cash for a small shed to store his equipment in and to use for other operations. Hired a part-time assistant to help out at $7 per hour to begin on 6/13- Rained all day resulting in lost revenue. Received $200 in cash for mowing services. 6/9 6/10 6/13 6/17 Paid $150 for the supplies purchased on June 3.- 6/18 Paid a $55 repair bill on weed eaters. 6/20 Made first payment on riding lawn mower, $100.- 6/23 Billed a company $250 for lawn care on their grounds. 6/29 Paid the assistant $120. 6/30 Made a cash withdrawal of $300,- Required: For each transaction, tell whether there is an increase or decrease in assets liabilities, and owner's equity. Example: 6/2 Assets Increase $5,000 (cash), Owner's Equity Increases $5,000 (Owner's Capital)

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