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Below are the transactions of LNS Company for the month of August 2019. For each transaction, indicate whether assets (A), Liabilities (L) or owner's equity

Below are the transactions of LNS Company for the month of August 2019. For each transaction, indicate whether assets (A), Liabilities (L) or owner's equity (OE) increased (+), Decreased (-) or did not change (0) by placing the appropriate sing in the appropriate column.

A LOE

1The owner invested cash into the business. ???

2 Purchased supplies on account.

3 Charged customers for services rendered on account.

4 Rendered services to cash customers.

5 Purchased office equipment for cash.

6 Paid salaries for the month.

7 Received billing from Meralco for electricity consumption during the month.

8 Purchased supplies on account.

9 Collected cash from charged customer in item 3.

10 Paid supplies purchased in item 8.

11 Withdrew cash for personal use.

12 Paid cash for rent in the building.

13 Received bill from PLDT and paid the same.

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