Assignment Q1: Indicate the effect (increase or decrease) of the following transactions on the basic accounting equation. Keep it blank if you think there is no effect [Follow the first transaction solved as an example). Victor Enterprise had the following selected transaction. 1. Luis Figo invested Tk. 10,000 cash in the business. 2. Incurred advertisement on account Tk. 3,600. 3. Performed programming service and billed a client Tk. 1,200. 4. Hired an administrative assistant. 5. Purchased equipment on account Tk. 50,000. 6. Luis Figo withdrew Tk. 500 for personal use. 7. Paid for the advertisement billed in transaction number 2. 8. Purchased office supplies on account Tk. 3,000. Transaction Assets Account Equipment Receivable Liability Accounts Notes Payable Payable Office Supplies Owner's Equity Cash 1. +10,000 +10,000