Qammerer Identify how each of the following transactions affects the company's financial statements. For the balance sheet, identify how each transaction affects total assets, total liabilities, and equity. For the income statement, identify how each transaction affects profit. If there an increase, place a "+" in the column or columns. If there is a decrease, place a "-"in the column or columns. If there is both an increas and a decrease, place a "+/-" in the column or columns. The line for the first transaction is completed as an example. Balance Sheet Income Statement Total Assets Total Liabilities Equity Profit Transaction 1 Owner invests cash 2 Sell services for cash 3 Acquire services on credit 4 Pay wages with cash 5 Owner withdraws cash 6 Borrow cash with note payable 7 Sell services on credit 8 Buy office equipment for cash 9 Collect receivable from (7) 10 Buy asset with note payable