Indicate the effect of the following transactions on the accounting equation (ie., No Change, Increases/Decreases Assets, Increases/Decreases Liabilities, Increases/Decreases Owner's Equity: 1. Paid on June 1 rent for June, July and August 2. Purchased supplies on account 3. Received utility bill to be paid at later date 4. Paid utility bill previously accrued The transactions of the Wile E. Coyote LLC. are recorded in the general journal below. Post the journal entries to the ledger T-accounts below the journal entries and give the ending balances of the accounts. General Journal Date Account Titles Debit Credit Aug. 5 4,600 Accounts Receivable Service Revenue 4,600 10 3,200 Cash Service Revenue 3,200 19 Rent Expense Cash 1,300 1,300 25 1,500 Cash Accounts Receivable 1,500 General Ledger Cash Accounts Receivable Service Revenue Rent Expense Journalize the following transactions for Roadrunner Inc. for June 2029, the company's first month of operations. You may omit explanations for the transactions. 1. Purchased equipment for $9,800, paying $4,000 cash the remainer on account. 2. Billed customers $5,600 for services performed. 3. Made payment of $2,400 on account for equipment purchased earlier in month. 4. Collected $3,900 on customer accounts. Date Description Ref Dr. Cr