Topic 2-Assignment 1 - The Expanded Accounting Equation Required: Show the effects of the following transactions on the Expanded Accounting Equation (A=L+OED+R E) - it is a landscaping business: 1) You started a new business by investing $105,000 2) Your purchased equipment for $11,000-you financed the entire amount. 3) You eamed $10,000 in landscaping fees - the customer financed the entire amount. 4) You paid the utility bill, $200. 5) You withdrew $800 from the business for personal use. financal Congition At the beginnig of the rummet, Jack Wells was locking lor a way to eom moncy to pay for ha college tunon in the tall He deoded to sturt a luwn service busaress in ha neighborhood. Ja get the buskess stasted lack used Shi000 from has savings account to oped a checkng account for his ned butiness, Elegint Lawn Care. He purchamed tho uied power miownis and varioun lawn care tools far $2,000, ind paid 51600 tor a second hand truck to tamport the moweri. 52,300. iak also cut gress on an as needed bass for other neighbon who pad him 51,000 betien to leave the inoney in the bank? Biplain to Jack whether of mik be is better off than he was at the begining of the sumner, Grotnice the dataning 1-actourts