Give the effect of the following transactions on the accounting equation. On August 21, 2020, Don JPacs opens Pacs Laundry Services. On the transaction summary table below, indicate the effect of each transaction to each account. Put "+" to signify increase or "-" to signify decrease. Indicate the amount of increase or decrease for each account. The first one is done for you. 1. What is the fundamental accounting equation? 2. What are assets, liabilities, and owner's equity?10 TRANSACTION ASSETS LIABILITIES OWNER'S EQUITY 1. Don Jpacs invested Php100, 000 cash in the business. + Php100,000 + Php100,000 2. Bought Php 2,000 worth of supplies by cash. 3. Borrowed Php50, 000 cash from Don Almabs. 4. Services rendered to client on credit worth Php5,000 5. Cash services rendered to Ms. Rastaken, Php10,000