Data for Green Lawn Care Ltd. were presented in E3-1.

1. Issued common shares to shareholders in exchange for cash.

2. Paid monthly rent.

3. Purchased equipment on account.

4. Billed customers for services performed.

5. Paid a dividend to shareholders.

6. Received cash from customers billed in transaction 4.

7. Incurred advertising expense on account.

8. Purchased additional equipment, issuing cash and a note payable in payment.

9. Received cash from customers when service was provided.

10. Paid cash for equipment purchased in transaction 3.

11. Paid salaries to employees.

12. Paid for insurance in advance.

Instructions

Identify the account names that should be used to record each transaction. For example, in item #1, the accounts would be Cash and Common Shares.