The following are the transactions relating to the formatian of Cardinal Mowing Services, Inc, and its first month of operations a. The tirm was organized and the initial stockholders invested cash of $600 b. The company borrowed $900 from a relative of one of the initial stockholders, a short-term note was signed cTwo zero-tum lawn mowers costing $480 each and a professional trimmer costing S 130 were purchased Tor cash. The original list price of each mower was s610, but a discount was received because the seller was having a sale d. Gasoline, oil, and several packages of trash bags were purchased for cash of $90 e. Advertising fiyers announcing the formation of the business and a newspaper ad were purchased. The cost of these items, S170, will be paid in 30 days. t. During the first two weeks of operarions, 47 lawns were mowed. The total revenue tor this work was $T05, S465 was collected in cash, and the balance wll be received within 30 days g. Employees were paid $420 for their work during the first two weeks h. Additional gasoline, oll, and trash bags costing 5110 were purchased for cash. i. In the last two weeks of the first month, revenues totaled $920, of which $375 was collected j. Employee wages for the last two weeks totaled $510, these will be paid during the first week of the next month. k. it was determined that at the end ot the month the cost ot the gasoline, oll, and trash bags still on hand was $30 L Customers paid a total of $150 due from mowing services provided during the first two weeks. The revenue for these services was recognized in transaction f a. Record each transaction in the appropriate columns. (If an transaction/Adjustment are not affecting the balance sheet category or income statement, leave the cells blank. Enter decreases to account balances as a negative.) Answer is complete and correct. ASSETS STOCKHOLDERS E Notes Accounts CashReceivableSupplies+Eq 600+ 600 + (1,090)+ 1.0900 = 170 465 + 420) 420 110 375 + 545 920 510 170 (170) 150 780 (150) 1,090 680 + 600 1,625 1,270