Presented below are nine business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $255 of supplies on account. (b) Performed $533 of services on account. (c) Paid $274 of operating expenses. (d) Paid $255 cash on account for the supplies purchased in item (a) above. (e) Invested $1,117 cash in the business. (f) Owner withdrew $447 cash. (g) (h) (i) Hired an employee to start working the following month. Received $533 from a customer who had been billed previously in item (b) above. Purchased $470 of equipment in exchange for a note payable.

Presented below are nine business transactions, Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $255 of supplies on account. (b) Performed $533 of services on account. (c) Paid $274 of operating expenses. (d) Paid $255 cashon account for the supplies purchased in item (a) above. (e) Invested $1,117 cash in the business. (f) Owner withdrew $447 cash. (8) Hired an employee to start working the following month. (h) Received $533 from a customer who had been billed previously in item (b) above. (i) Purchased $470 of equipment in exchange for a note payable