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10-14. For each of the transactions below, record whether it would result in an increase or decrease in assets, liabilities, and/or net assets. An organization 1. carns revenue by satisfying a performance obligation 2 receives a donor pledge. 3. purchases supplies with cash. 4. purchases supplies on account. 5. takes out a loan. 6. repays loan principal 7. receives payment on a pledge. & makes a payment on an amount it owes. 9. prepuys for insurance 10. uses prepaid insurance. 11. uses supplies. 12. uses a capital asset. 13. receives cash in advance of providing goods or services to a dient. 14. provides goods and services to a dient in exchange for a cash payment that was made in advance. 15. employs workers who earn wages. 16. pays employee wages that have been camed. 17. deems a portion of a pledge is uncollectible. 18. pays interest on a loan. Assets Down Liabilities Down Net Assets Down Up Up Up Transaction 1 Earns revenue by satisfying a performance obligation 2 Receives a donor pledge 3 Purchases supplies with cash 4 Purchases supplies on account 5 Takes out a loan 6 Repays loan principal 7 Receives payment on a pledge 8 Makes a payment on an amount it owes 9 Prepays for insurance 10 Uses prepaid insurance 11 Uses supplies 12 Uses a capital asset 13 Receives cash in advance of providing goods or services to a client 14 Provides goods and services to a client in exchange for a cash payment that was made in advance 15 Employs workers who earn wages 16 Pays employee wages that have been earned 17 Deems a portion of a pledge in uncollectible 18 Pays interest on a loan