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

Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done 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.TransactionAssetsLiabilitiesNet WorthPurchased a new TV for $900 on credit.9009001) Purchased $81 worth of fuel on credit.2) Made a $1,180 bank loan payment.3) Purchased a chandelier for $1,170 cash.4) Prepaid three months of insurance with $390 cash.5) Received a cash gift of $930.6) Used up one of three months of prepaid insurance. With firmulas

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