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Analyze the following transactions for Muse, Incorporated. Note the direction of change for each account category. Note: Mark each as A for increase, B for

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Analyze the following transactions for Muse, Incorporated. Note the direction of change for each account category. Note: Mark each as A for increase, B for decrease, and C for no change. 1. Muse provides a service to a customer, receiving cash when the service is complete. Assets: A Liabilities: Owners' equity: A 2. Muse purchases inventory, agreeing to pay in the future. Assets: Liabilities: Owners' equity: 3. Muse pays April rent for a warehouse, with a total cost of $1,500. Muse pays cash on April 1. Assets: Liabilities: Owners' equity: 4. Muse sells inventory, receiving cash from the customer. Revenue exceeds Cost of Goods Sold. Assets: Liabilities: Owners' equity: 5. Muse purchases equipment, signing a note payable for the purchase. Assets: Liabilities: Owners equity: 6. Muse purchases an insurance policy on March 28. The insurance policy cost $600 and Liabilities: covers April 1 through September 30. Assets: Owners' equity: F 7. On January 17, Muse receives $4,000 to provide services to a customer. The services will be provided in February and March. Assets

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