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In the columns below, indicate whether each transaction caused and increase (+), a decrease (-), or no change (NC) in assets, liabilities, and owners equity.

In the columns below, indicate whether each transaction caused and increase (+), a decrease (-), or no change (NC) in assets, liabilities, and owners equity.

Transaction

Assets

Liabilities

Owners equity

a. Withdrawal of cash by owner

__________

__________

__________

b. Purchase of an asset for cash

__________

__________

__________

c. Purchase of an asset on account

__________

__________

__________

d. Received, but did not pay, water bill

__________

__________

__________

e. Paid wages not previously recorded

__________

__________

__________

f. Invested equipment in the business

__________

__________

__________

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