what is the answer to this?

b. Indicate the effects of each transaction on the company for the month of February. Organize your analysis in tay transaction the company's assets, liabilities, and alysis in tabular form as shown for the February 1 Transaction Assets - + Liabilities $0 Owners' Equity +$600,000 (Capital Stock) Feb. 1 +$600,000 (Cash) ems. LO3-3, LO3-4, LO3-5, LO3-6, LO3-7, LO3-8 PROBLEM 3.2A Analyzing and Journalizing Transactions arious tests on wells and septic systems. A few of the & during August are described as follows. company billed customers $2,500 on account for services rendered. ed to make full payment within 30 days. (Environmental Services uses an w can 2. sting supplies costing $3,800, paying $800 cash and Environmental Services, Inc., performs various less company's business transactions occurring during August are describe 1. On August 1, the company billed cu Customers are required to make full paymer account entitled Testing Service Revenue when billing customers.) y August 3, the company purchased testing supplies costing $3,800, paying charging the remainder on the company's 30-day accou on the company's 30-day account at Penn Chemicals. The testing sup- plies are expected to last several months. On August 5, the company returned to Penn Chemicals $100 of testing supplies that were not needed. The return of these supplies reduced by $100 the amount owed to Penn Chemicals. 4. On August 17, the company issued an additional 2,500 shares of capital stock at $8 per share. The cash raised will be used to purchase new testing equipment in September. 5. On August 22, the company received $600 cash from customers it had billed on August 1. 6. On August 29, the company paid its outstanding account payable to Penn Chemicals. 7. On August 30, a cash dividend totaling $6,800 was declared and paid to the company's stockholders. Instructions a. Prepare an analysis of each of these transactions. Transaction 1 serves as an example of the form of analysis to be used. 1. (a) The asset Accounts Receivable was increased. Increases in assets are recorded by debits. Debit Accounts Receivable $2,500. (b) Revenue has been earned. Revenue increases owners' equity. Increases in owners' equity are recorded by credits. Credit Testing Service Revenue $2,500. b. Prepare journal entries, including explanations, for these transactions. How does the realization principle influence the manner in which the August 1 billing to cus- tomers is recorded in the accounting records? d. How does the matching principle influence the manner in which the August 3 purchase ing supplies is recorded in the accounting records? Inc., provides land surveying services. During Sentemhami LO3-3, L03-4, LO3-5, L03-6. Weida Surveying, Inc., provides land surveying servi