Assignment #1 BUSN 211 due 01/28/22 Selected transactions completed by a proprietorship are described below. Indicate the effects of each transaction on assets, liabilities, and owner's equity by inserting "+" for increase and "-" for decrease in the appropriate columns at the right. If appropriate, you may insert more than one symbol in a column. OE A L (a) Received $30,000 cash from owner as an investment (b) Purchased $1250 supplies on account (c) Received $8,000 cash for services sold to customers Paid $3600 for 6 months insurance premiums in advance (d) (e) (f) (g) Paid $400 to creditor for purchases in (b) Charged customers $7,000 for services sold on account (h) Received $2000 cash on account from customers 6) e Recorded the cost of supplies used during the year was $800 6) Purchased a truck for $3000 cash I