CIHE Demo23 b) Complete the table below by indicating no effect, increase or decrease for each transaction (5 marks) Not yet Description Effect on Effect on current current Effect on working capital Marked out of 5.00 assets liabilities Pag Transaction 1 22227 ???? 22222 question Transaction 2 $1,000 cash purchase of inventory $1.500 credit purchase of inventory $20,000 loan obtained from bank 72222 22222 Transaction 3 27777 7777 77272 Transaction 4 Collect $500 accounts receivable 77777 ????? 777777 2 i-B1 % Description Etfect on Effect on current current Effect on working capital assets liabilities Transaction 1 51,000 cash purchase of inventory 77777 22772 77777 Transaction 2 $1,500 credit purchase of inventory 77227 22222 22277 Transaction 3 $20,000 loan obtained from bank ???? 27722 22222 Transaction 4 Collect $500 accounts receivable ???? 77777 Previous