1. Nestor Martel, invested Cash in the business 2. A one year insurance effective Decemer 1 was paid. 3. Office furniture was purchased on account. 4. Office and computer supplies were bought for cash 5. Received from BPI cash for loan applied to be used in his law practice. ACTIVITY 4 Accounting 11 26 6.Purchased on credit a desktop computer and printer for office use. 7. Received cash fo legallllll services rendered. 8.Paid cash for miscellaneous expenses 9. Withdraw cash for personal use 10 paid salary for cash Trans. No. Effect (Increase/ decrease Elements: Assets;Liabilities; Proprietorship;Revenue;Expenses Accounts title Sample Increase Decrease Expenses Asset Light & water Cash