For each of the following transactions, indicate the accounts affected and whether the accounts affected are an asset, a liability, an equity, an income or an expense. Also indicate whether the accounts are being increased or decreased and whether the increase or decrease is a debit or credit. Ignore GST.

1. Owner gave their personal computer to the business. 2. Employed a secretary. 3. Purchased supplies on credit. 4. Paid a creditor using an electronic transfer.

5. Invoiced a customer for services performed. 6. Paid some cash and took out a loan to purchase office furniture. 7. Received cash from a customer that owed the business money. 8. Paid for an advertisement aired on television.