For each of the accounting events that follow (AF, indicate in the space provided the appropriate number designating the effect of that event. If none of the options applies, use NA for not applicable. 1. Increases assets, increases owners' equity. 2. Increases assets, increases liabilities. 3. Increases assets, decreases assets. 4. Decreases assets, decreases liabilities. 5. Decreases assets, decreases owners' equity. Journal Practice Journalize the following transactions. August 1 Paid cash for advertising. $50.00. Bought 6 month insurance policy. $1200 Paid cash for 12 months' rent, $10,200.00. Sold services on account to Bill Dell, $220.00. Purchased supplies on account from Downs Otfice Supply, \$120.00. Received cash on account from Bill Dell, 150.00. Paid cash on account to Downs Office Supply, \$120.00. Sold services on account to Bill Dell, $930.00. Received bill for advertising, $150.00. Wrote a check for telephone. $98.00. Adjusted rent and insurance prepaids