Indicate the accounts, amounts, and direction of the effects on the accounting equation (Assets = Liabilities + Stockholders Equity). Enter the exact amount of the transaction or 0 for No Effect in the 3rd box of each line. Do not include the dollar sign.

Bought and received $700 of supplies on account.

Assets 1: Answer_____Cash, Accounts Receivable, Supplies, Prepaid Expense, Furniture and Fixtures, Equipment, Accounts Payable, Notes Payable, Common Stock, Retained Earnings, Service Revenue, Supplies Expense, Repairs Expense, No Effect.

Answer_____: Select One: Increase, Decrease, No Effect.

Answer____

Liabilities: Answer_____: Select One: Cash, Accounts Receivable, Supplies, Prepaid Expense, Furniture and Fixtures, Equipment, Accounts Payable, Notes Payable, Common Stock, Retained Earnings, Service Revenue, Supplies Expense, Repairs Expense, No Effect.

Answer______Select One: Increase, Decrease, No Effect.

Answer____

Shareholders' Equity: Answer______: Select One: Cash, Accounts Receivable, Supplies, Prepaid Expense, Furniture and Fixtures, Equipment, Accounts Payable, Notes Payable, Common Stock, Retained Earnings, Service Revenue, Supplies Expense, Repairs Expense, No Effect.

Answer______: Select One: Increase, Decrease, No Effect.

Answer_____