The first six transactions of a newly organized company appear in the following T accounts.

For each of the six transactions in turn, indicate the type of accounts affected (asset, liability, or owner’s equity) and whether the account was increased or decreased.
Arrange your answers in the form illustrated for transaction (1 ), shown here as an example.

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Cash Office Equipment (1) 23,000 (2) 12,000 (3) 5,000 (4) 4,500 (5) 1,000 (6) 4,500 Accounts Payable (6) 4,500 (4) 4,500