Question: Refer to the transactions described in P24B. Required: 1. Record transactions for Olivias Maintenance Services. Keep in mind that Olivia may not need to record

Refer to the transactions described in P2â€“4B.

Required:
1. Record transactions for Oliviaâ€™s Maintenance Services. Keep in mind that Olivia may not need to record each transaction.
2. Using the format shown, indicate the impact of each transaction on the accounting equation for eachcompany.

Er's Insurance services Olivia's Maintenance Services Stockholders Stockholders Assets Liabilities + AssetsLiabilities Equity May 2 +$300+$300 + $0 $0 -$300 Eli's Insurance Se rvices livia's Maintenance Services Stockholders Stockholders' Assets Liabilities Equity Assets Liabilities + Equity 14 19 28 31

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