Question: Using the information provided and the format below, analyze the effects of Lyn Lawn Service's transactions on the accounting equation. i (Click the icon to

Using the information provided and the format
Using the information provided and the format below, analyze the effects of Lyn Lawn Service's transactions on the accounting equation. i (Click the icon to view the transactions.) (If a box is not used in the transaction, leave the box empty; do not enter a zero. Enter decreases with a minus sign or parentheses. Abbreviations used: exp. = expense; invest. = investment; rev. = revenue.) Assets Liabilities + Owner's Equity - X Accounts Accounts Lyn, Transactions Cash Receivable + Equipment = Payable + Capital Explanation Apr. 1 2,900 + + 2,900 Owner invest. Apr. 1 Received $2,900 and gave capital to Marc Lyn. 3 + 1,300 = 1,300 + Apr. 3 Purchased a mower on account, $1,300. 5 380 380 Service rev. Apr. 5 Performed lawn services for client on account, $380. + Apr. 17 Paid $80 cash for gas used in mower. 17 (80) + (80) Gas exp. Apr. 28 Marc Lyn withdrew cash of $320. 28 (320) + (320) Withdrawal Print Done

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