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Name: Transactions General Journal Account Titles Debit Assignment 4 ACC 11 Spring 2021 March 8, 2021 How does it affect owner's equity? Increase/Decrease/ No effects Date How does it affect Assets? Increase/Decrease/ No effects Credit How does it affect liabilities? Increase/Decrease/ No effects On March 1, the company prepaid $2,400 internet bill for the next 12 months On March 31, the company received a month of internet service On October 1, 2020, the company purchased a manufacturing machine of $100,000 on credit On September 30, 2021, the company assumes that the value of machine depreciates by $10,000 for 1 year of use On October 30,2020, the company owes $20,000 wages to its employees for the service of the month of October On November 15, the company paid $20,000 cash to employees for their