suthentication & Practice Gradebook ORION Downloadable eTextbook Upgrade to m Get Dark Mode new Mac App St ssignment FULL SCREEN PR Exercise 210 Your answer is partially correct. Try again. Selected transactions for Parton Company are listed below. List the number of the transaction and then describe the effect of each iabilities, and owners equity Sample: Made initial cash investment in the business. The answer would be-Increase in assets and increase in owner's equity 1. Paid monthly utility bill 2. Purchased new display case for cash. 3. Paid cash for repair work on security system. 4. Billed customers for services performed 5. Received cash from customers billed in 4 Decrease in assets and decrease in owner's equity Increase in assets and decrease in owner's Increase in assets and decrease in owner's equity Increase in assets and increase in owner's equity No net change in assets Withdrew cash for owner's personal use. Incurred advertising expenses on account. Paid monthly rent. 6. Decrease in liabilities and decrease in owner's equity by Study Decrease in assets and decrease in owner's equity 8. 9. Received cash from customers when service was rendered. Increase in assets and increase in owner's equity 8 4 5 6 0