Chapter Test TA PROBLEMS ANALYSIS OF TRANSACTIONS-48% INSTRUCTIONS: Indicate the effect of each of the following transactions for the current month on assets, liabilities, and owner's equity by inserting"+" for increase and--' for decrease in the appropriate columns at the right. For Scoring OE Received cash from owner as original investment Received cash for services provided (sold) Purchased equipment for cash 0. 1. 2. 3. 4. 5. 2. 3. Paid utilities for month 4. Paid creditors on account 5. Received cash for service sold to cash customers 6. Purchased land by signing a nine-month, non-interest-bearing note payable 7. Charged customers for service sold on account 8. Paid miscellaneous expenses... 9. Paid first installment due on the non-interest-bearing note payabl.. 0. Purchased office supplies on account 1. Paid cash to owner on withdrawal 2. Recorded cost of supplies used during the month 7 8. 9 10. 12. OTE: Each "+"or"-' is assigned a weight of 2%. FILL-IN-THE-BLANK-PRINCIPI ES AND TERMINO OGY-52%