Southwest Tours Co. is a travel agency. The eight transactions recorded by Southwest Tours during February 2015, its first month of operations, are indicated in the following T accounts:

Indicate for each debit and each credit
(a) Whether an asset, liability, owner€™s equity, withdrawal, revenue, or expense account was affected
(b) Whether the account was increased (+) or decreased (€“). Present your answers in the following form, with transaction (1) given as an example:

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Cash Equipment Mickey O'Dell, Withdrawals (1 25,000 12) 1,750 7 10,000 5,600 14) 2,700 16) 7,500 18) 2,500 (3) 18,000 (8) 2.500 Accounts Receivable (5 13,500 7) 10,D00 Accounts Payable (6) 7,500 3 12,400 Service Revenue (5) 13,500 Supplies Mickey O'Dell, Capital 1 25,000 Operating Expenses 4 2,700 (2) 1,750 Account Debited Account Credited Transaction Type Effect Type Effect asset owner's equity +