State the effect of each of the following business transactions for Humphrey Sports. For example, in (a) increase cash and increase capital.

a. J. Humphrey commenced business by injecting cash into her business.

b. Paid wages.

c. Purchased goods for sale on credit.

d. Sold goods on credit

e. Received an invoice for annual insurance on building and paid the account.

f. J.Humphrey withdrew an iPad from the business.

g. Sold inventory for cash.

h. T. Comery (accounts receivable) paid amount outstanding.

i. Humphrey Sports paid accounts payable in full.

b.
c.
d.
e.
f.
g.
h.
i.