(Associating changes with specific accounts)

For each of the following transactions of the Kit-Kat Company, identify the accounts that would be increased and those that would be decreased:

1. The owner invested $\$ 25,000$ in the business.

2. Rent for the month was paid to Jiffy Realty Company, $\$ 500$.

3. A secretary was hired at a monthly salary of $\$ 550$.

4. Customers were billed for services rendered, $\$ 700$.

5. The utilities bill for the month was paid, $\$ 234$.