5) What effect do the transactions below have on the owners equity? For your answers use one of the following: Increase, decrease or no effect.

a) Fran invested $5,000 in the business

b) She bought equipment on account $2,400

c) She paid half of the bill owed to the creditor

d) She received $2,000 in fees

e) She paid salaries for the week, $800

f) She withdraw $400 from the business

g) She paid rent for the month $900

h) Inventory of supplies decreased $350 during the month