Please help. Thank you! 1. Use (+) and symbols. Identify the effects of the following accounts on the DEBIT and CREDIT. DEBIT CREDIT Account Titles 1. Cash 2. Interest Payable 3. Interest Income 4. Interest Expense 5. Furniture and Fixtures 6. Office Equipment 7. Utilities Expense 8. Wages Expense 9. Rent Payable 10. Account Payable II. Identify the missing items (?) Owner's Equity Mr. Lance invested S 100,000 in the business DEBIT CREDIT Bookkeping Asset Bookkeping Element: Element: Account ? Account Title: Title: Amount: ? Amount: Effect (+/-): (+) Effect (+/-): ? ? ? Received $3,000 from various customers for service done. DEBIT CREDIT Bookkeping Bookkeping ? ? Element: Element: Account Account 2 Service Income Title: Title: Amount: ? Amount: ? Effect (+/-): ( (+) Effect (+/-): (+) Paid in advance workers salaries for the month worth $2,000, DEBIT CREDIT Bookkeping Asset Bookkeping Cash Element: Element: Account 2 Account 2 2 Title: Title: Amount: 2 Amount: ? Effect (+/-): (: 2 Effect (+/-): ? Mr. Lance withdrew $5,000 for personal use. DEBIT CREDIT Bookkeping Bookkeping ? Element: Element: Account Account 2 Title: Title: Amount: $ 5,000 Amount: Effect (+/-): Effect (+/-): Cash $ 5,000 ? 5. Bought the following item on account from Home Appliances: Furniture and fixture $ 500 Office Equipment $ $ 300 Store Supplies $100 DEBIT CREDIT Bookkeping Bookkeping 7 Liabilities Element: Element: Account Account ? Title: Title: Accounts Payable Amount: ? ? Amount: $900 Effect (+/-): 2 Effect (+/-): 2 IIL Identify the missing items (1) 7 Collected partial amount of $ 700 from billed customer. DEBIT CREDIT Bookkeping ? Bookkeping Element: Element: Account Account 2 Title: Title: Amount: 2 Amount: Effect (+/-): ? Effect (+/-): 7 ? ? Additional store supplies were bought on credit from Tesco $ 788.50. DEBIT CREDIT Bookkeping Bookkeping ? 2 Element: Element: Account Account ? ? Title: Title: Amount: ? Amount: ? ? Effect (+/-): ? Effect (+/-): ? 2 Utilities for the month were paid worth $ 250. DEBIT CREDIT Bookkeping Bookkeping ? Element: Element: Account Account ? Title: Title: Amount: ? Amount: Effect (+/-): ? Effect (+/-): ( ? 2 2 7 Partial payment of debt to Dodson's Furnishing, $ 500. DEBIT CREDIT Bookkeping Bookkeping ? Element: Element: Account Account ? Title: Title: Amount: 2 Amount: Effect (+/-): 2 Effect (+/-): ? ? ? The car of a customer was repaired for which it was billed for a total of $1,330. DEBIT CREDIT Bookkeping ? Bookkeping 2 Element: Element: Account Account 2 2 Title: Title: Amount: 2 Amount: ? 2 Effect (+/-): : ? Effect (+/-): ) ? IV. Identify the bookkeeping element and its effect on the debit and credit (+/-). DEBIT CREDIT Transaction Example Mr. Lance invested $55,000 cash in a coffee shop business. Assets + Owner's Equity 1. Paid monthly rent worth $1,000. 2. Store Equipment bought in cash $5,000. 3. Bought office supplies on account from Tesco Store $ 800. 4. Paid the total amount owed to Tesco Store. 5. Rendered services to customers who were billed for a total amount of $ 500. 6. Received $ 900 from a customer for catering $ services. 7. Billed Mr. James for catering services done $ 500. 8. Mr. Steve withdrew cash of $ 800 for his daily expenses. 9. Mr. Steve withdrew $ 1.000 cash from the business. 10. Paid salaries of employees $ 3.000. 11. Bought new store equipment worth $10,000. Half was paid in cash the other was coursed through a promissory note to Johnny's Merchandise 12. Paid a partial amount of $ 5,500 to Johnny's Merchandise. 13. Invested a new coffee machine as addition to the services of the business worth $2,000. 14. Taxes for the month were paid $ 1.000. 15. Sold an old computer and received cash of $ 500