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Part (B) (a) State the effect of each of the following business transactions. Eg, Increase cash, increase capital. Ignore GST 1. The owner withdraws $1500

Part (B) (a) State the effect of each of the following business transactions. Eg, Increase cash, increase capital. Ignore GST 1. The owner withdraws $1500 from business bank account. 2. The business acquires equipment for $8000 in cash 3. The business provides services for $850, customer owing within 30 days. 4. New staff just signed contract and employed for $4,000

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