the directions say to indicate for each problem, which accounts effects the accounting equation and indicate an increase or decrease in that account.

x + a.edu/d21/le/content/796473/viewContent/7396196/View 4. Purchased $4,000 of supplies on account Stockholder's Equity Assets Liabilities + ACCT NAMES: Amount +/- 5. Received a $3,000 cash advance from a customer for services not yet performed Stockholder's Equity Liabilities Assets + ACCT NAMES: Amount +/- 6. Purchased on October 1 a 6 month insurance policy for $600 Stockholder's Equity Assets Liabilities + ACCT NAMES: Amount +/- 7. Provided services to customers during October and received $40,000 cash Assets Liabilities Stockholder's Equity ACCT NAMES: Amount +/- 8. Paid wages of $3,500 to employees for the month of October Stockholder's Equity Assets Liabilities + ACCT NAMES: Amount +/- & 4 6 5