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Home Insert Page Layout Menu Formulas Calibri - 11 E E ' ' E ATA X Cut CopyFormat te BIU Merge & Free I Q16 fx You can use 28 days without signing in Sign in to continue using for free and enjoy more services. B D E F . I have already completed the number 1. answers for E1.6 and E1.7 E1.6 Analyze the effect of transactions. (LO 4) Selected transactions for Green Valley Lawn Care Company are listed below. _1.Made cash investment to start business. 2.Paid monthly rent 3.Purchased equipment on account. 11 4. Billed customers for services performed. 5.Withdrew cash for owner's personal use. 13 6. Received cash from customers billed in (4). 14 7.Incurred advertising expense on account 8.Purchased additional equipment for cash. 9. Received cash from customers when service was performed. 17 B d 3 0 1 d 12 a 15 16 18 19 20 E1.7 21 Analyze the effect of transactions on assets, liabilities, and owner's equity. 22 (LO 4) Falske Computer Timeshare Company entered into the following transactions during May 2020. 23 24 1.Purchased computers for $20,000 from Digital Equipment on account 25 -2.Paid $4,000 cash for May rent on storage space. -3. Received $17,000 cash from customers for contracts billed in April. 27 4. Performed computer services for Viking Construction Company for $4,000 cash. 28 5. Paid Tri-State Power Co. $11,000 cash for energy usage in May. 29 6.Falske invested an additional $29,000 in the business. 30 -7. Pald Digital Equipment for the computers purchased in (1) above. 31 8.incurred advertising expense for May of $1,200 on account 32 Chap 1 Exercise 26 d tv w MacBook Air Home Insert Page Layout Menu Formulas Calibri - 11 E E ' ' E ATA X Cut CopyFormat te BIU Merge & Free I Q16 fx You can use 28 days without signing in Sign in to continue using for free and enjoy more services. B D E F . I have already completed the number 1. answers for E1.6 and E1.7 E1.6 Analyze the effect of transactions. (LO 4) Selected transactions for Green Valley Lawn Care Company are listed below. _1.Made cash investment to start business. 2.Paid monthly rent 3.Purchased equipment on account. 11 4. Billed customers for services performed. 5.Withdrew cash for owner's personal use. 13 6. Received cash from customers billed in (4). 14 7.Incurred advertising expense on account 8.Purchased additional equipment for cash. 9. Received cash from customers when service was performed. 17 B d 3 0 1 d 12 a 15 16 18 19 20 E1.7 21 Analyze the effect of transactions on assets, liabilities, and owner's equity. 22 (LO 4) Falske Computer Timeshare Company entered into the following transactions during May 2020. 23 24 1.Purchased computers for $20,000 from Digital Equipment on account 25 -2.Paid $4,000 cash for May rent on storage space. -3. Received $17,000 cash from customers for contracts billed in April. 27 4. Performed computer services for Viking Construction Company for $4,000 cash. 28 5. Paid Tri-State Power Co. $11,000 cash for energy usage in May. 29 6.Falske invested an additional $29,000 in the business. 30 -7. Pald Digital Equipment for the computers purchased in (1) above. 31 8.incurred advertising expense for May of $1,200 on account 32 Chap 1 Exercise 26 d tv w MacBook Air