For each transaction, indicate whether the balance of total assets, liabilities
ID: 2399547 • Letter: F
Question
For each transaction, indicate whether the balance of total assets, liabilities and owner’s equity (OE) increased, decreased, or did not change.
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Please assist . For each question please indicate whether it is a increase , decrease , or no change at all for assests liabilities and equity.
Transaction # Description Assets Liabilities Owner’s Equity1
Paid salaries for current month. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change2
Purchased equipment on credit. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change3
Purchased furniture using cash. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change4
Additional investment into the business. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change5
Received immediate payment for services provided. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change6
Made partial payment for equipment purchased on credit. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change7
Billed customers for services performed. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change8
Withdrew cash for personal use. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change9
Received payment from customers already billed. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change10
Received bills for current utilities to be paid next month. AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo Change AnswerDecreaseIncreaseNo ChangeExplanation / Answer
Transaction #
Description
Assets
Liabilities
Owner’s Equity
1
Paid salaries for current month.
Decrease
No Change
Decrease
2
Purchased equipment on credit.
Increase
Increase
No Change
3
Purchased furniture using cash.
No change
No Change
No Change
4
Additional investment into the business.
Increase
No Change
Increase
5
Received immediate payment for services provided.
Increase
No Change
Increase
6
Made partial payment for equipment purchased on credit.
Decrease
Decrease
No Change
7
Billed customers for services performed.
Increase
No Change
Increase
8
Withdrew cash for personal use.
Decrease
No Change
Decrease
9
Received payment from customers already billed.
No change
No Change
No Change
10
Received bills for current utilities to be paid next month.
No change
Increase
Decrease
Transaction #
Description
Assets
Liabilities
Owner’s Equity
1
Paid salaries for current month.
Decrease
No Change
Decrease
2
Purchased equipment on credit.
Increase
Increase
No Change
3
Purchased furniture using cash.
No change
No Change
No Change
4
Additional investment into the business.
Increase
No Change
Increase
5
Received immediate payment for services provided.
Increase
No Change
Increase
6
Made partial payment for equipment purchased on credit.
Decrease
Decrease
No Change
7
Billed customers for services performed.
Increase
No Change
Increase
8
Withdrew cash for personal use.
Decrease
No Change
Decrease
9
Received payment from customers already billed.
No change
No Change
No Change
10
Received bills for current utilities to be paid next month.
No change
Increase
Decrease
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