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For each transaction, indicate whether the balance of total assets, liabilities and owners equity (OE) increased, decreased, or did not change. Transaction # Description Assets
For each transaction, indicate whether the balance of total assets, liabilities and owners equity (OE) increased, decreased, or did not change.
Transaction # | Description | Assets | Liabilities | Owners Equity |
1 | Paid salaries for current month. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
2 | Purchased equipment on credit. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
3 | Purchased furniture using cash. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
4 | Additional investment into the business. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
5 | Received immediate payment for services provided. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
6 | Made partial payment for equipment purchased on credit. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
7 | Billed customers for services performed. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
8 | Withdrew cash for personal use. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
9 | Received payment from customers already billed. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
10 | Received bills for current utilities to be paid next month. | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change | AnswerDecreaseIncreaseNo Change |
Please assist . For each question please indicate whether it is a increase , decrease , or no change at all for assests liabilities and equity.
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