Account affected Increasing decreasing /Dr. Cr transaction Cash account Capital account Cash increasing debit Capital increase credit Hailey walker invests $10, 000 cash in the business Purchase supplies for $2,500 cash Purchase $1,100 of supplies on credit Purchased $6,000 of equipment on credit. a promissory note was signed Services rendered for $2200 earned Payment of $1,00 rent expense in cash Payment of $700 salaries expense in cash M Service contract signed for april Services and teaching revenues of $1900 rendered for credit. $1600 food service revenue and $300 teaching revenues Receipt of $1,900 cash on account Payment of $900 accounts payable Withdrawal of $600 cash by owner