Presented below are three business transactions. List the letters (a), (b), and (c) with columns for assets, liabilities, and owner’s equity. For each column, indicate whether the transactions increased (1), decreased (2), or had no effect (NE) on assets, liabilities, and owner’s equity.

a. Invested cash in the business.

b. Withdrawal of cash by owner.

c. Received cash from a customer who had previously been billed for services performed.