For each of the following transactions of Woods Inc., identify the accounts effected and the whether they were increased or decreased.

1. Purchased supplies on account.

2. Billed a customer for services rendered.

3. Paid monthly rent.

4. Received cash for services rendered.

5. Purchased an equipment by paying a down payment and agreeing the pay the remaining balance due a month later

Transaction	Accounts	Increase/Decrease
1
2
3
4 5