Match the following basic transaction analysis with the best description of the economic event.
1. Cash increased by $10,000 and the owner's equity account, D. Morris, Capital, is increased by $10,000.
2. Cash is decreased by $2,500 and the asset account Prepaid Insurance is increased.
3. Supplies is increased by $1,000 and the liability account Accounts Payable is increased by $1,000.
4. Accounts receivable is increased by $500 and the revenue account Service Revenue is increased by $500.
5. Cash is decreased by $1,000 and the liability account Accounts Payable is decreased by $1,000.
6. Cash is increased by $500 and the account Accounts Receivable is decreased by $500.

Description Transaction Analysis (a) Cash collected on account. (b) Owner invests cash in the business. (c) Supplies are purchased on account. (d) Company provides service on account. (e) Payment on account made to supplier. (f) Company purchases an insurance policy