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Effect of transactions on accounting equation The transactions of Francesco Travel Services during a month are listed below: a) Purchased a typewriter for cash 7,000

Effect of transactions on accounting equation

The transactions of Francesco Travel Services during a month are listed below:

  • a) Purchased a typewriter for cash 7,000
  • b) Billed customers for services rendered 19,000
  • c) Purchased office supplies on credit 3,000
  • d) Owner invested 5,000 in cash into the company
  • e) Collected part payment from customers 11,000
  • f) Received a bank loan 5,000
  • g) Paid part of the amount due to creditor for supplies 1,800
  • h) Received part payment for services rendered 8,000
  • i) Repaid a part of the bank loan 1,000
  • j) Paid salaries for the month 2,500
  • k) Owner withdrew cash for private use 1,800

Required

Using the format given below, indicate whether each transaction resulted in an increase (+), decrease (-) or No Effect on the total amounts of the company's assets, liabilities and owners equity.

Transaction Assets OwnersEquity Liabilities

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