Match the following basic transaction analysis with the best description of the economic event. 1. Cash increased

Question:

Match the following basic transaction analysis with the best description of the economic event.
1. Cash increased by $10,000 and the owner's equity account, D. Morris, Capital, is increased by $10,000.
2. Cash is decreased by $2,500 and the asset account Prepaid Insurance is increased.
3. Supplies is increased by $1,000 and the liability account is increased by $1,000.
4. is increased by $500 and the revenue account Service Revenue is increased by $500.
5. Cash is decreased by $1,000 and the liability account is decreased by $1,000.
6. Cash is increased by $500 and the account is decreased by $500.

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