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Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first transaction has been completed for you.

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Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first transaction has been completed for you. Always ensure that the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Where a transaction affects two accounts in the same category. enter the positive amount in the first space provided and enter the negative amount in the second. the negative amount in the second, Transaction Paid $200 cash for maintenance expense. Liabilities Assets -200 Owner's Equity -200 1) The owner invested $4,470 cash into the business, 2) Paid $4,530 cash for one year of insurance. 3) Received a telephone bill for $80 which will be paid later. 4) Purchased equipment worth $1,990 on account 5) Provided services and collected $4,900 cash. 6) Paid $1.000 towards the bank loan. 7) Paid $66 interest related to the bank loan 8) Paid $900 of accounts payable

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