Indicate Account Type-Current Asset (CA), PPE, Current Liability (CL),Long-term Liability (LTL) Stockholders'Equity (SE) Revenue (Rev) or Expense (Exp). Also indicate if Debits Increase or decrease the account balance; indicate if Credits increase or decrease the account balance Account Type DebitsCredits Account Type Debits Credits Cash Accounts Payable Inventory Common Stock Accounts Receivable Supplies Equipment Prepaid Insurance Uneamed Revenue Expenses Revenues Retained Eanings Northem Landscaping Co is in the landscaping business. Record and post the following transactions. Prepare a trial balance as of May 31 -May Northem Landscaping Co issues stock and receives $50,000 from shareholders DR 2-May Northem Landscaping obtains a $25,000 two-year loan from Local Bank and Trust Co DR 3-May Northem Landscaping purchases Land ($10,000), Buildings ($20,000) and Equipment ($15,000). It pays $25,000 cash and signs a five-year note for the balance CR DR 4-May Northem Landscaping buys $5,000 landscaping supplies on account from Farm Bureau DR CR 5-May Northem Landscaping bills customers $2,500 for services pertormed in week one DR 7-May Northem receives $1,500 for services performed (unrelated to transation on May 5) DR 8-May Northem Landscaping pays its employees $1,000 DR CR 9-May Northem Landscaping pays $2,500 towards the balance of supplies purchased on May 4 DR 1-May Northem Landscaping pays $500 of interest on the two notes outstanding DR CR 31-May Receives $1,000 from customers who owe on account. DR