The following transactions were undertaken by Massenburg Personnel Services during the month of February 2019. Ignore GST.

1. Invoiced a client for providing advice on current employment legislation, $2400.

2. Paid salaries to staff, $3600.

3. Paid an annual subscription for access to an online database of employment legislation until the end of January 2020.

4. Received $6000 from a client for employing staff for them in January.

5. M. Massenburg invested a further $20 000 additional capital into the business to ensure it had sufficient cash to continue operations.

6. Purchased new office furniture and equipment on credit for $12 500.

7. Invoiced a client for $7000 for providing advice regarding an industrial dispute they had with their employees.

8. Paid $720 electricity account the day the bill was received.

9. Paid the firm’s lawyers for an account received from them in December for receiving legal advice, $7100.

10. Paid for the equipment purchased in (6).

11. M. Massenburg withdrew $1200 from the business bank account for personal use.

Required Indicate with the appropriate letter whether each of the above transactions resulted in:

(a) an increase in assets and a decrease in assets

(b) an increase in assets and an increase in liabilities

(c) an increase in assets and an increase in equity

(d) a decrease in assets and a decrease in liabilities

(e) a decrease in assets and a decrease in equity

(f) an increase in liabilities and a decrease in equity

(g) an increase in equity and a decrease in liabilities.