ASSESSMENT\#4 TOPIC SUMMARY ACCOUNTING TRANSACTIONS CAN BE CATEGORIZED INTO 9 TYPES OF TRANSACTIONS AS FOLLOW: A. INCREASE IN ASSET, INCREASE IN LIABILITY B. INCREASE IN ASSET, INCREASE IN EQUITY C. DECREASE IN ASSET, DECREASE IN LIABILTTY D. DECREASE IN ASSET, DECREASE IN EQUITY E. INCREASE IN LIABILITY, DECREASE IN EQUITY F. DECREASE IN LIABILITY, INCREASE IN EQUITY G. INCREASE IN ONE ASSET, DECREASE INANOTHER ASSET H. INCREASE IN ONE LIABILITY, DECREASE IN ANOTHER LIABILITY 1. INCREASE IN ONE EQUITY ACCOUNT, DECREASE INANOTHER EQUITY ACCOUNT WHERE: INCREASE IN INCOME WILLINCREASE EQUITY INCREASE IN EXPENSE WILL DECREASE EQUITY IDENTIFY THE EFFECTS OF THE TRANSACTIONS BELOW ON THEACCOUNTING EQUATION. USE THE GUIDE ABOVE. 1. Cash investment by the owner 2. Receipt of a statement of account for the month's rent 3. Purchase of supplies on account 4. Purchase of equipment for cash 5. Rendering service for cash 6. Payment of an account 7. Rendering service on account 8. Collection of an account 9. Payment of salary 10. Cash withdrawal by the owner 11. Receipt of electric bill for the month 12. Purchase of merchandise inventory on account 13. Receipt and at the same time, payment of water bill for the month 14. Additional cash investment by the owner 15. Purchase of prepaid insurance