Determine which accounts (assets, liabilities, or owner's equity) have been impacted by each transaction, and by how much they have either increased or decreased.

1. Maximillian Smith invests $70,000 to open his new company.

2. The company purchased a truck for $32,000 cash.

3. Prior to performing any services, the company purchases $2,400 of insurance for the first year of operations.

4. Maximillian performed $1,100 of services, and was paid in full.

5. The company paid $825 for office expenses.

6. Maximillian performed $1,400 of services. The customer paid for half of the services, and owes the remainder.

7. The company paid $425 for employee wages.

8. The company received $300 of the amount owed for previously performed services.

9. The company purchased $2,200 of equipment on account.

10. Maximillian withdrew $1,000 from the company.