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 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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