Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $294 of supplies on account (b) Performed $473 of services on account. (c) Paid $335 of operating expenses. (d) Paid $294 cash on account for the supplies purchased in item (a) above. (e) Invested $989 cash in the business. () Owner withdrew $403 cash. (g) Hired an employee to start working the following month. (h) Received $473 from a customer who had been billed previously in item (b) above. (0) Purchased $481 of equipment in exchange for a note payable