Solve these problem please

i need a good explanation for these

thank you!

This exercise will continue the understanding of the accounting equation and double entry accounting that began in the prior chapter. In this chapter we will revisit the prior worksheet, but add a step. So here students must: 1. Identify what account(s) are affected by the transaction. 2. Identify if the affected accounts are increased or decreased by the transaction. 3. Determine if increasing (decreasing) the account is represented by a debit or credit 4. Journalize the transaction Example: The Insurance Company purchased a new computer system for $10,000 in cash. Account Effect on Account Debit Credit Computer System Assets increase decrease Debit Cash Assets increase decrease Credit Account DB CR Computer System 10,000 10,000 1. The Insurance Company purchased a new computer system for $10,000 on credit Account Effect on Account Debit/Credit Computer System increase decrease Accounts Payable increase decrease UUUUUUUUUU Account DB CR 2. The Insurance Company purchased a new computer system for a $10,000 parcel of land Account Effect on Account Debit/Credit Computer System increase decrease Land increase decrease Account DB CR Debit/Credit 3. The Insurance Company paid their new employees $5,351 cash. Account Effect on Account Wages Expense increase decrease Cash increase decrease Account DB CR 4. The Insurance Company received $1,241 in cash for services performed. Account Effect on Account Debit/Credit Cash increase decrease Service Fees increase decrease Account DB CR Debit/Credit 5. The Insurance Company performed services on credit for $10,000. Account Effect on Account Accounts Receivable increase decrease Service Fees increase decrease Account DB CR 6. The Insurance Company accrued $4,000 in interest on a bond payable. Account Effect on Account Debit/Credit Interest Expense increase decrease Interest Payable increase decrease