(a)State the effect of each of the following business transactions. Eg. Increase cash, increase capital. Ignore GST

1.The owner pays $3000 into the business bank account.

2.The business acquires equipment for $8000, payable in 90 days.

3.The business provides services for $850 cash.

4.Paid salaries and wages $2300.

5.The business provides a potential customer with a quote of $900 for the provision of services.