Identifying increases and decreases in accounts and normal balances Insert the missing information into the accounting equation. Signify increase and decrease as Dect. Identifying source documents For each transaction, identify a possible source document. a. The business received $20,000 cash and gave capital to the owner. b. Purchased office supplies on account, $500 c. Recorded $1,000 revenue for services rendered to customers. Analyzing and journalizing transactions As the manager of Margarica Mexican Restaurant, you must deal with a variety of transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b. Debit Fleming, Withdrawals and credit Cash. c. Debit Wages Payable and credit Cash. d. Debit Equipment and credit Fleming, Capital. e. Debit Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. g Debit Cash and credit Service Revenue. Use the following information to answer Exercises E2-16 and E2-17. The following transactions occurred for London Engineering: Jul, 2 Received $12,000 contribution from Brett London, owner, in exchange for capital 4 Paid Liabilities expense of $410. 5 Purchased equipment on account, $2,200. 10 Performed services for a client on account, $2,800. 12 Borrowed $7,500 cash, signing a notes payable. 19 The owner, Brett London, withdrew $750 cash from the business. 21 Purchased office supplies for $860 and paid cash. 27 Paid the liability from July 5 Analyzing and journalizing transactions Journalize the transactions of London Engineering, Include an explanation with each journal entry. Use the following accounts: Cash: Accounts Receivable: Office Supplies: Equipment: Accounts Payable: Notes Payable: London, Capital: London. Withdrawals: Service Revenue: Utilities Expense