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Complete the table below by indicating the effect (Increase, Decrease, or No Effect) on assets, liabilities, and owner's equity (an example has been provided). Assets
Complete the table below by indicating the effect (Increase, Decrease, or No Effect) on assets, liabilities, and owner's equity (an example has been provided). Assets Liabilities Transaction Owner's Equity Pay miscellaneous expenses Decrease No Effect Decrease 1) Paid salaries for current month. 2) Purchased equipment on credit. 3) Purchased furniture using cash. 4) Additional investment into the business. 5) Received immediate payment for services provided. 6) Made partial payment for equipment purchased on credit. 7) Billed customers for services performed. 8) Withdrew cash for personal use. 9) Received payment from customers already billed. 10) Received bills for current utilities to be paid next month
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