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i need help with this question HW 5.1 BUS 101 Directions: Identify the accounts affected by each transaction (there must be at least two). Ust

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HW 5.1 BUS 101 Directions: Identify the accounts affected by each transaction (there must be at least two). Ust the accounts in the correct column lie. If Cash is affected, list Cash in the Asset column). Then indicate the direction of the change increase or decrease). Remember that Assets must equal Liabilities Equity for every transaction Account names: Cash; Office Supplies, Equipment; Vehicles; Land; Accounts Payable, Unearned Revenue; Notes Payable, S. Smith, Capital; S. Smith, Withdrawals; Transaction Effect on: Liabilities Assets Equity 1) The owner, Sarah Smith, invested $10,000 in the company. 2) The company purchased office supplies costing $500 for cash. 3) The owner invested a plot of land ($15,000) in the business. 4) The company borrowed $25,000 from Global Bank. The loan will be repaid in five years. Interest will be charged at 5% 5) The company purchased office equipment costing $5,000 on credit. Payment is due in 30 days 6) The company paid for the equipment acquired in #5. 7) The company ordered more office supplies. A bill will be sent when the supplies are delivered. The cost is expected to total $150. 8) The owner withdrew $250 from the business. 9) The company bought a delivery van by paying $5,000 as a down payment and taking a loan for the $20,000 remainder of the cost. 10) A customer paid $300 for work to be performed next month. 11) The company paid $1.000 on the loan in 4 (ignore any interest). 12) The company hired an employee to start next month at a rate of $400 per

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