Question: Enter the amount for each transaction and indicate whether there is an increase or decrease to total assets. a. Purchased $1,000 of supplies on account.

Enter the amount for each transaction and indicate whether there is an increase or decrease to total assets.

a. Purchased $1,000 of supplies on account. b. Paid cash to employees for their salaries, $6,800. c. Purchased furniture for $3,200 on account. d. Received telephone bill for $380, to be paid in the following period. e. Work performed, customer will pay $300 next month. f. Earned $940 of revenue by performing a service for cash. g. Performed $4,200 of services on account.

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