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101) For each of the following events, indicate the amount by which assets increased or decreased. a) Owner invested cash of $25,000 and equipment valued
101) For each of the following events, indicate the amount by which assets increased or decreased. a) Owner invested cash of $25,000 and equipment valued at $10,500 into the business. b) Purchased $600 of supplies on account. c) Borrowed $10,000 from the bank, issuing a note payable. d) Performed a service for $1,500 and immediately collected the cash. e) Paid the employee salaries of $1,200 cash. f) Purchased equipment for $550 cash. g) Received monthly rent bill of $1,300, to be paid in the following month. h) Performed a service on account for $2,300. Answer: v increased or
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