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Selected transactions for Evergreen Lawn CareCompany are listed below. 1. Made cash investment to star business 2. Paid monthly rent. 3. Purchased equipment on account.
Selected transactions for Evergreen Lawn CareCompany are listed below. 1. Made cash investment to star business 2. Paid monthly rent. 3. Purchased equipment on account. 4. Billed customers for services performed. 5. Withdrew cash for owner's personal use. 6. Received cash from customers billed in (4). 7. Incurred advertising expense on account. 8. Purchased additional equipment for cash. 9. Received cash from customers when service was performed. List the numbers of the above transactions and describe the effectof each transaction on assets, liabilities, and owner;s equity. Forexample, the first answer is: (1) Increase in assets and increasein owner's equity. Please show all work, Thank You
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