Topic 3: Assignment 1 Using T-Accounts, record the following transactions. Be sure to properly label accounts and make the correct debits and credits: 1) You own a landscaping business. You earn $9500 for services rendered - the customer makes a down payment of $3500 and finances the balance 2) You purchase $6000 worth of landscaping equipment - You make a down payment of $1000 and finance the balance. 3) Refer to #1. The customer pays $1000 on account. 4) Refer to #2. You make a payment of $500 to the supplier. Topic 3 - Assignment 2 - Instructions: Describe the importance of an audit trail. You do not have to create a diagram - this is not an auditing class 1 Topic 3 - Assignment 3 Refer to Topic 3 - Assignment 1. Record each of the four transactions in proper journal form. Assume the following account numbers: Cash: 101; Accounts Receivable: 102; Landscaping Equipment: 104; Accounts Payable: 201; Landscaping Fees: 401 Topic 3 - Assignment 4: Describe each of the following: 1) Describe the importance of journalizing in the General Journal 2) Describe the importance of posting in the General Ledger 3) Describe the importance of the Chart of Accounts Topic 3: Assignment 5 - Business Connections - Extr-Credit Assignment