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Category > Accounting Posted 23 Aug 2017 My Price 7.00

Green Trees & Lawn

El-9A. Analyze business transactions using the accounting equation. Enter each transac­ tion into the accounting equation and identify its increase or decrease to assets, liabilities, shareholder's equity, revenues, or expenses of Green Trees & Lawn Corp. (LO 4)

 

a.     Green Trees & Lawn earned and collected the cash for $15,000 in   service revenues.

 

b.     The business paid $2,000 cash for supplies.

 

c.      Green Trees & Lawn paid $1,500 of a $4,000 note payable to creditors.

 

d.     The company paid $1,100 for rent expense.

 

e.     The company's owner provided $7,500 in additional financing in exchange for common stock.

 

f.     The business  paid  $2,100 in dividends.

 

g.     Green  Trees  & Lawn  loaned  $2,225 cash to another company.

 

Use the following format:

 

Total

 

Total

 

Shareholder's equity

 

+    Contributed    +     Retained

 

assets                   liabilities                     capital                   earnings

Transaction a:                                                                                               

Answers

(5)
Status NEW Posted 23 Aug 2017 10:08 PM My Price 7.00

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