Please solve these questions:

BE1-6: Presented below are three business transactions. On a sheet of paper, list the letters

(a), (b), and (c) with columns for assets, liabilities, and owner's equity. For each column,

indicate whether the transactions increased (+), decreased (-), or had no effect (NE) on

assets, liabilities, and owner's equity.

(a) Purchased supplies on account.

(b) Received cash for performing a service.

(c) Paid expenses in cash.

BE1-8: Classify each of the following items as owner's drawings (D), revenue (R), or

expense (E).

________ (a) Advertising expense ________ (e) Owner's drawings

________ (b) Service revenue ________ (f) Rent revenue

________ (c) Insurance expense ________ (g) Utilities expense

________ (d) Salaries and wages expense