The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. For each of the following transactions, complete the spreadsheet, indicating the amount and effect (+ for increase and €“ for decrease) of each transaction under the accrual basis. Write NE if there is no effect on the category. Indicate +/€“ if the effects offset within a category. Include revenues as a subcategory of stockholders€™ equity, as shown for the first transaction, which is provided as an example.

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Transaction AssetsLiabilties Stockholders' Equity +15,000 a. Swing Hard collected $15,000 from customers for lesson b. Swing Hard sold a gift card for golf lessons for $150 cash c. Swing Hard received $4,000 from credit sales made to d. swing Hard collected $2250 in advance payments for e. Swing Hard billed a custcmer $125 for services provided NE Service Revenue +R) +15.000 services provided in February in February customers in January golf lessons to start in June between February 25 and February 28. The bill is to be paid in March.