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Selected transactions for Tara Lawn Care Company are listed below. Describe the effect of each transaction on assets, liabilities, and owner's equity. For example, the

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Selected transactions for Tara Lawn Care Company are listed below. Describe the effect of each transaction on assets, liabilities, and owner's equity. For example, the first answer is:Increase In assets and increase in owner's equity. Made cash Investment to start business Increase in assets and increase in owner's equity Paid monthly rent. Decrease in liabilities and decrease in owner's equity Purchased equipment on account Increase in assets and increase in liabilities Billed customers for services performed Increase in assets and increase in liabilities Withdrew cash for owner's personal use. Decrease in assets and decrease In owner's equity Received cash from customers billed in(4). Decrease in liabilities and increase in owner's equity Incurred advertising expense on account. Decrease in assets and decrease in owner's equity Purchased additional equipment for cash. Decrease in assets and increase in owner's equity Received cash from customers when service was performed. Decrease in liabilities and increase in owner's equity

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