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Take me to the text Simpson Travel Agency had the following transactions during the month. Indicate whether assets, liabilities or owner's equity will increase or
Take me to the text Simpson Travel Agency had the following transactions during the month. Indicate whether assets, liabilities or owner's equity will increase or decrease and by how much, based on each transaction. The first entry has been done for you. Always ensure the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second space directly below. Transaction Assets -200 Liabilities Owner's Equity -200 Paid $200 cash for maintenance expense. 1) The owner invested $9,140 cash into the business. 2) Paid $3,780 cash for one year of insurance. 3) Received a telephone bill for $80 which will be paid later. 4) Purchased equipment worth $730 on account. 5) Collected $3,200 cash for one day's service. 6) Paid $600 towards the bank loan. 7) Paid $28 interest related to the bank loan. 8) Paid $600 of accounts payable
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