Presented below are eight business transactions. Indicate the effect of each transaction element of the accounting equation. (a) Purchased $280 of supplies on account. (b) Performed $508 of services on account. (c) Paid $282 of operating expenses. (d) Paid $280 cash on account for the supplies purchased in item (a) above. (e) Invested $954 cash in the business. (f) Owner withdrew $414 cash. (g) Hired an employee to start working the following month. (h) Received $508 from a customer who had been billed previously in item (b) above. (i) Purchased $490 of equipment in exchange for a note payable. Use the below format, in which the first one has been done for you as an example: (lfat causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parenthese the amount entered for the particular Asset, Liability or Equity item that was reduced. See ole 13 for example.) Owne