The following transactions relate to the SASCO ltd. Which of the following possibilities occurred as a result of each transaction - an asset increased, an asset decreased, a Liability increased, a liability decreased, equity increased, or equity decreased:

(SHOW INCREASE (+) DECREASE (-) (6 marks)

Owner invested SR 50,000 bank and SR 100,000 cash to start the business in return for stock.

Purchased supplies from Dubai SR 10,000.

Purchased equipment for SR 15,000 cash and 20,000 on account.

Purchased Supplies of SR 5000 by cheque and Equipment of SR 10,000 on account.

Borrowed SR 45,000 from Bank Al Bilad

Provided cleaning services received SR 40,000 cash.

Paid salaries of SR 30,000 to employees.

Dividends of SR 8,000 are paid to shareholders

SR 15,000 amount paid to the creditor against equipment purchase

Paid outstanding electricity bills SR 2,500

Account receivable SR 3,000

Paid loan to Al Bilad SR 45,000