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Question 4 A list of transactions follows 1. Purchased inventory (perpetual system) on account. Extended payment terms of the account payable in item 1 by replacing the accoun nine-month, 5% note payable ts payable with the issue of a 3. Recorded accrued interest on the note payable from item 2 4. Recorded repayment of the note and accrued interest from items 2 and 3 5. Recorded cash received from sale of services, plus HST. 6. Recorde 7. Recorded employer's share of employee benefits. 8. Record 9. Recorded a receipt of cash for services that will be performed in the future 10. Recorded the performance of services for item 9 d salaries expense and employee payroll deductions, and paid employees. ed property tax expense and property tax payable when bill was received Indicate the effect of each of the above transactions on the financial statement categories in the table: use "Increase", Decrease, and "No Effect. Shareholders Equity Liabilities Revenues Expenses Profit Assets 8