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For the following business transactions, indicate the accounts involved and if the account will increase or decrease. For account titles, use the list of accounts

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For the following business transactions, indicate the accounts involved and if the account will increase or decrease. For account titles, use the list of accounts at the bottom. Answers will be based on double entry bookkeeping standards; so there are two accounts impacted by the transaction. 1. Cash sale to a customer. 2. Credit sale to a customer 3. Received cash from a customer for a previous credit sale. 4. Purchase equipment with cash from a supplier. 5. Purchase office supplies for cash from a vendor. 6. Business owner invests more cash into the business. 7. Purchase investments for the company with cash. 8. Borrow funds from a lender. 9. Write off a customer's debt because they filed bankruptcy. 10. Equipment sold to an outside party for cash. Account Name Increase Account Name or Increase or Decrease Decrease 1 2. 3 4 5 6 7 8 9 10 List of Accounts Bad Debt Expense Sales Accounts Office Supplies Receivable Investments Loan Payable Equipment Equity Accounts Payable Cash FOCUS B9

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