what is the effect on assets

Question $3$ of $6$

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Waterway Petronick decided to start an accounting practice after graduation from university. The following is a list of events that occurred concerning Waterway's practice.

After shopping around, Waterway found an office to lease and signed a lease agreement. The lease calls for a payment of $$976$ rent per month.

Waterway borrowed $$3,904$ from his grandmother to buy some office furniture for his new office.

Waterway deposited the $$3,904$ plus $$488$ of his own cash in a new bank account at BMO under the name Petronick Accounting Services.

Paid the landlord the first month's rent.

Purchased office furniture for $$3,223$ on account.

Moved into the office and obtained the first assignment from a client to prepare year$-$end financial statements for $$1,952.$

Performed the work on the assignment and sent an invoice to the customer for $$1,952.$

Paid half of the amount of the purchase of office furniture.

Purchased office supplies on account for $$295.$

Paid $$51$ cash for internet services.

Collected half of the amount owing from the customer referred to in #$7.$

Waterway withdrew $$142$ cash from the business of for personal expenses.

Using the table below, indicate the effects of each of these events on the accounting equation. If an event is not a busines transaction, or if an element is not affected, enter No Effect. If an element has both an increase and a decrease, select Increase and Decrease.