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Presented below are nine business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $210 of supplies on

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Presented below are nine business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $210 of supplies on account: (b) Performed $550 of services on atwount. (c) Paid $279 of operating expenses. (d) Paid $210 cash on account for the supplies purchased in item (a) above. (e) Invested $1,124 cash in the business. (f) Owner withdrew $418 cash. (g) Hired an employee to start working the following month. (h) Received $550 from a customer who had been billed previously in item (b) above. (i) Purchased $466 of equipment in exchange for a note payable

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