QUESTION 17 Selected transactions for Peters Equipment Services are listed below: 1. Purchased a new lawn mower for $2,000, making a 10% down payment in cash, the remainder is on account. 2. Purchased $350 supplies for cash. 3. Billed customers $1.500 for lawn services completed. 4. Purchased used truck for $6,500, fully financed by a bank loan. 5. Collected $800 from customers for services previously billed. 6. Paid balance owing on lawn mower. 7. Incurred telephone expenses of $85 on account. 8. Completed services for customers who pay $440 cash. 9. Peter Willes, the owner, invests $7.000 of additional funds in the business. 10. Part of the funds invested is used to repay the full balance of the bank loan plus $65 in interest expense. 11. $1.250 in wages is paid to employees. 12. Peter withdrew $1,000 cash for personal use. Instructions For each transaction, state whether the transaction increases or decreases assets, liabilities, and/or owner's equity, and by what amount(s)