Selected transactions for Mountain Goats Tree Service are listed below.

1. Purchased inventory on account.

2. Billed customers for services performed.

3. Withdrew cash for owners personal use.

4. Received cash from customers billed in (2).

5. Incurred utilities expense on account.

6. Received cash from customers when service was performed.

Instructions List the numbers of the above transactions and describe the effect of each transaction on assets, liabilities, and owners equity.