Question: Determine the effects (Decrease or Increase) of the business transactions listed below on the THREE (3) elements of the accounting equation (ie., Assets, Owner's equity,

Determine the effects (Decrease or Increase) of the business transactions listed below on the THREE (3) elements of the accounting equation (ie., Assets, Owner's equity, and Liabilities) Invested cash in the business b) Purchased supplies for cash c) Paid for rent used in the business 6 Received cash for services performed e) Purchased supplies by credit

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