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Current Attempt in Progress Presented below are nine business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased

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Current Attempt in Progress Presented below are nine business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $290 of supplies on account. (b) Performed $522 of services ongccount. (c) Paid $257 of operating expenses. (d) Paid $290 cash on account for the supplies purchased in item (a) above. (e) Invested $1,115 cash in the business. (f) Owner withdrew $420 cash. (g) Hired an employee to start working the following month. (h) Received $522 from a customer who had been billed previously in item (b) above. (i) Purchased \$457 of equipment in exchange for a note payable. $290 $0 $0 $0 $0 Transaction (a) (b) (c) (d) (e) (f) (g) (h) Assets Liabilities $290 Capital Drawings $0

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