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t Enter each transaction into the accounting equation and identify its increase or decrease to assets, liabilities, shareholder's equity, revenues, or expenses of Green Trees
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Enter each transaction into the accounting equation and identify its increase or decrease to assets, liabilities, shareholder's equity, revenues, or expenses of Green Trees and Lawn Corp. (Click to view the transactions.) Enter each transaction below into the accounting equation. Begin by entering transaction 1. Green Trees and Lawn earned and collected the cash for $15,000 in service revenues. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholder's Equity Assets Liabilities + Contributed Capital + Retained Earnings Account Account Account Account 1. More Info - X 2 IL L LLL LLLLLLL 1. Green Trees and Lawn earned and collected the cash for $15,000 in service revenues. 2. The business paid $2,000 cash for supplies. 3. Green Trees and Lawn paid $1,500 of a $4,000 note payable to creditors. 4. The company paid $1,100 for rent expense. 5. The company's owner provided $7,500 in additional financing in exchange for common stock. 6. The business paid $2,100 in dividends. 7. Green Trees and Lawn loaned $2,225 cash to another company. + + + 6. N + Print Print Done Done +Step by Step Solution
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