ament CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Analyze the transactions of a business organized as a proprietorship described below and indicate whether the transaction increased, decreased or increased and decreased the accounting equation. Owner's Equity Assets Liabilities Decreased Increased 1. Received cash for services rendered Increase Decreased - 2. Purchased office equipment on credit Increased Decreased 3. Paid employees salaries. Decreased increased Received cash from customer in payment on account Decreased d 5. Paid telephone bill for the month. de Decreased 6. Paid for office equipment purchased in transaction 2 Decreased 7. Purchased office supplies on credit. Increased and decreased Decreased Increased 8. Owner withdrew cash for personal expenses Decreased Increased 9. Obtained a loan from the bank Increased 2. Purchased office equipment on credit ed increased Decreased 3. Paid employees salaries Received cash from customer in payment on account. Increased - Increased S. Pald telephone bill for the month Decreased Decreased Decreased Decreased Increased ed . Decreased creased reased and decreased. Decreased 6. Paid for office equipment purchased in transaction 2 Decreases 7. Purchased office supplies on credit. Decreased 8. Owner withdrew cash for personal expenses. creased increased 9. Obtained a loan from the bank Increased 10. Billed customers for services rendered. Increased Increased