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TRANSACTIONS Paid $ 2 , 1 0 0 for utilities. Performed services for $ 1 0 , 5 0 0 on account. Received $ 6

TRANSACTIONS
Paid $2,100 for utilities.
Performed services for $10,500 on account.
Received $6,500 from charge account customers.
Paid salaries of $4,500 to employees.
Paid $8,000 to a creditor on account.
Owner invested $90,000 in the business.
Purchased $26,700 of supplies on account.
Purchased equipment for $21,000 cash.
Paid $6,000 for rent (in advance).
Performed services for $7,800 cash.
Indicate the impact of each of the transactions on the fundamental accounting equation (Assets = Liabilities - Owner's Equity) by placing a "I" to indicate an increase and a "D" to indicate a decrease. The first transaction is entered as an example.
Note: If transaction causes one account to increase and another to decrease within the same classificatich of the accounting equation, select I and D.
\table[[Transaction,Assets,=,Liabilities,+,Owner's Equity],[1.,D,=,,+,D],[2.,1,=,2,+,1],[3.,I and D,=,,+,],[4.,D,=,,+,D
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