1. [50] For each of the following transactions, indicate which pair of accounts are involved in the transaction and whether each account increases or decreases in value. a.) Jose Gonzalez invests $20,000 in starting up his new company. The company does house repairs. b) Jose buys $2,000 in lumber for repairs, with cash. c) Jose receives $3,000 in cash from a house repair job that is complete d) Jose buys a compressor for cash for $2,500. e) Jose buys paint for another job for $1,000 on account. f) Jose borrows money from the bank and receives $6,000. g) Jose needs money for a family emergency and takes $2,500 in cash from the business. h) Jose pays his carpenters for work done on a project. Their wages amount to $3,000. i) Jose pays for the paint he received in transaction e. 1) Jose finishes a job for Maria Villareal worth $3,000, and Maria says she will pay Jose when she gets her paycheck in two weeks. k) Jose pays the bank $1,000 of the money owed to the bank. g) Jose receives $3,000 from Maria Villareal for the work he completed in transaction j. h) Jose leases a storage room for his equipment and inventory for $500 i) Jose inventories his paint and finds that he has only $300 on hand, since he used paint on a recent repair job. 2. [50] Rework problem no. 1 using T accounts