3. Part Four-Determining How Transactions Change an Accounting Equation QUESTION ASSETS Transactions 7. Paid cash for supplies, $850.00 8. Paid cash for rent, $1,000.00. Paid cash to owner for personal use. $1,200.00 9. 10. Paid cash for telephone bill, $150.00 Received cash on account from Ashley Computers, $2,000.00. 11. Continue to record transactions for Celeste Consulting Services using the accounts shown in the following accounting equation. Use the form to record the following transactions. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. Calculate new balances for all accounts after each transaction. You must enter an amount for each cell in a New Bal. row, including amounts for zero (0) balances. Assets Liabilities Owner's Equity Accounts Trans. Accounts Prepaid No. Cash Receivable Ashley Supplies Payable Conrad + Courtney Celeste, Capital Insurance Supplies Computers Beg. Bal. 8,700 3,300 1,500 3,000 500 16,000 7 New Bal. 8 New Bal. 9 New Bal. 10 New Bal. 11 . New Bal