5) A company receives cash from a bank loan. Assets will increase Decrease No Effect Liabilities Increase Decrease No Effect Owner's (or Stockholders') Equity Increase Decrease No Effect 6) A company repays the bank that had lent money to the company. Assets Increase Decrease No Effect Liabilities increase Decrease No Effect Owner's (or Stockholders') Equity Increase Decrease No Effect 7) A company purchases equipment with its cash. Assets Increase Decrease No Effect Liabilities increase Decrease No Effect 8) The owner contributes his/her personal truck to the business. Assets Increase Decrease No Effect Liabilities Increase Decrease No Effect Owner's (or Stockholders') Equity Increase Decrease No Effect 9) A company purchases a significant amount of supplies on credit. Assets Increase Decrease No Effect Liabilities Increase Decrease No Effect Owner's (or Stockholders') Equity Increase Decrease No Effect 10) A company purchases land by paying half in cash and signing a note payable for the other half. Assets Increase Decrease No Effect Increase Liabilities Decrease No Effect