Answer should be increase or decrease or no effect.

II. What is the effect on the following: (1 point each item) 1. Debit Petty Cash Fund Effect on Asset? 2. Credit D, Capital Effect on Revenue? 3. Credit Cost of Good Sold Effect on Expenses? 4. Debit Retained Earnings Effect on Equity? 5. Debit Cash Equivalent Effect on Asset? 6. Credit Land Effect on Liabilities? 7. Credit Accrued Rent Expenses Effect on Asset? 8. Credit Prepaid Rent Expense Effect on Liabilities? 9. Received cash from debtors. Effect on Asset? 10. Received cash from debtors. Effect on Liabilities? 11. Paid P20,000.00 to supplier. Effect on Asset? 12. Paid P20,000.00 to supplier. Effect on Liabilities? 13. Shushubear invests cash. Effect on Equity? 14. Shushubear invests cash. Effect on Asset? 15. Debit Taxes Payable. Effect on Expenses? 16. Debit Used Office Supplies. Effect on Liabilities? 17. Credit Unused Office Supplies. Effect on Expenses? 18. Credit Service Income Effect on Income? 19. Credit Cash on Hand Effect on Petty Cash? 20. Debit Cash in Bank Effect on Asset