Question 1: For each of the transactions identified, state how the asset, liability and/or equity accounts increase (?), decrease (?) or remain unchanged (-). Name the account. (a. is an example)???????? Answer From G to J

b. Customer pays $2000 of $5000 owing for services provided. A trade receivable, who owes $6000, made a part payment of $2000. The owners took $5000 in inventory for personal use but returned $2500 on same day Returned supplies (faulty) $2000 previously paid on credit Invoice raised for sales of $5200 Paid rent $4000 with 30% being a prepayment h. Paid personal tax $7000 and company tax $8200 Interest accrued (not paid) on bank loan at the end of the month $2750 and principal of $10000 paid The business purchases supplies on credit $4400