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:

Please use the below template to answer this question.

*If you can not fill out template, at least address assets, liabilities and net assets.

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