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

 5) What effect do the transactions below have on the owner's

5) What effect do the transactions below have on the owner's 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

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