SOMEONE WHO UNDERSTANDS ACCOUNTING PLEASE HELP!! 1. 1-3.1 APPLICATION PROBLEM (L04, 5), p. 26
QUESTION ASSETS
Transactions
1. Received cash from owner as an investment, $5,000.00

Paid cash for insurance, $1,800.00

Bought supplies on account from Hickman Mowing, $700.00

Bought supplies on account from Knapp Co., $200.00

Paid cash on account to Hickman Mowing, $300.00

Paid cash for supplies, $100.00.

Paid cash on account to Knapp Co., $100.00

Received cash from owner as an investment, $1,000.00

Bethany Hartman is starting Hartman's Lawn Service, a small service business. Hartman's uses the accounts shown in the following equation. For each
transaction, complete the following: (a) Analyze the transaction to determine which accounts in the accounting equation are affected. (b) In the
appropriate columns, enter a plus sign (+) if the account increases or a minus sign (-) if the account decreases, and then enter the amount. (C)
Calculate and enter a new balance for each transaction in the accounting equation. (d) Before going on to the next transaction, determine that the
unting equation is still in halance, Transaction 1 is given as an example.