Analyze whether the transaction is accountable or not. Then identify the accounts that are affected, and the effects on such accounts.

TRANSACTION ACCOUNTS AFFECTED EFFECT (INCREASE OR DECREASE)

1 The owner withdrew cash from the business

2 The business obtained a loan from the bank

3 Payment of the loan from the bank

4 Sale on account

5 Purchase in cash

6 Purchase on account

7 Sale for cash

8 Payment of salaries expense

9 Payment of accounts payable

10 Purchase of inventory on account

11 Purchase of inventory in cash

12 Purchase of equipment on account

13 Collection of receivable from customer

14 Payment of various small expense

15 The business posted job hiring

16 Sale party in cash and on account

17 The dog of the owner won 2^nd place in a pet contest.