Question: Using the information provided and the format below, analyze the effects of Lester Lawn Service's transactions on the accounting equation. Transactions May 1 May 3

Using the information provided and the format below, analyze the effects of Lester Lawn Service's transactions on the accounting equation.

Transactions May 1 May 3 May 5 May 17 May 28 Received

Transactions May 1 May 3 May 5 May 17 May 28 Received $1,600 and gave capital to Eli Lester. Purchased a mower on account, $1,480. Performed lawn services for client on account, $360. Paid $64 cash for gas used in mower. Eli Lester withdrew cash of $250. X

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