Exercise $2\mathrm{.}3($Static$)$ Determining the effects of transactions on the accounting equation. LO $2-1,2-2,2-3$

TRANSACTIONS

Paid $$2,100$ for utilities.

Performed services for $$10,500$ on account.

Received $$6,500$ from charge account customers.

Paid salaries of $$4,500$ to employees.

Paid $$8,000$ to a creditor on account.

Owner invested $$90,000$ in the business.

Purchased $$26,700$ of supplies on account.

Purchased equipment for $$21,000$ cash.

Paid $$6,000$ for rent $($in advance$).$

Performed services for $$7,800$ cash.

Indicate the impact of each of the transactions on the fundamental accounting equation $($Assets $=$ Liabilities $+$ Owner$$s Equity$)$ by placing a $$I$$ to indicate an increase and a $$D$$ to indicate a decrease. The first

transaction is entered as an example.