dlliuUHL. 11. Indicate the effects of the following business transactions on the accounting equation for Sam's Snack Foods, a supplier of snack foods. Transaction (a.) is answered as a guide. a. Sam's Snack Foods received cash from the owner and gave capital. Answer: Increase asset (Cash); Increase equity (Sam, Capital) b. Cash purchase of land for a building site. c. Paid cash on accounts payable. d. Purchased equipment; signed a note payable. e. Performed service for a customer on account. f. Employees worked for the week but will be paid next Tuesday. g. Received cash from a customer on accounts receivable. h. Borrowed money from the bank. i. Owner withdrew cash. j. Incurred utilities expense on account