For each transaction, indicate which two accounts are affected and which category each affected account belongs to $($asset$,$ liability or equity$).$ Also indicate whether the account balance will increase or decrease as a result of each transaction.

$1$ A business provides services valued at $$1,100$ and sends an invoice to the client. The client has promised to pay in one month.

$2$ A business receives a deposit of $$2,000$ from a customer three months before services must be provided.

$3$ One month has passed since transaction #$1$ and the business receives a payment of $$1,100$ from the client.

For each transaction, two accounts are affected. List Balance Sheet accounts first. If $2$ Balance Sheet accounts are affected, list Cash first.

Date Account affected Category Increase or Decrease

$1$ Answer $1$ Question $3$

Service Revenue

Answer $2$ Question $3$

Asset

Answer $3$ Question $3$

Answer $4$ Question $3$

Answer $5$ Question $3$

Answer $6$ Question $3$

$2$ Answer $7$ Question $3$

Answer $8$ Question $3$

Answer $9$ Question $3$

Answer $10$ Question $3$

Answer $11$ Question $3$

Answer $12$ Question $3$

$3$ Answer $13$ Question $3$

Answer $14$ Question $3$

Answer $15$ Question $3$

Answer $16$ Question $3$

Answer $17$ Question $3$

Answer $18$ Question $3$