Question: Complete the columns to show the effect(Increase; Decrease; No Effect) of the following transaction [Note: No boxes should be left blank]. Please write the table

Complete the columns to show the effect(Increase; Decrease; No Effect) of the following transaction

[Note: No boxes should be left blank]. Please write the table in the answer book

Effect upon (Increase; Decrease; No Effect)

Asset

Liability

Owners Equity

1

Repaid by cash a loan owed to J Robertson of 4000

2

Owner takes 400 cash from the bank for personal use

3

Bought a computer 700 paying by cheque

4

A debtor pays us 100 in cash

5

Bought goods worth 150 on credit from Kate

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