Question: For each of the operations described below, indicate the effect on the accounts of the accounting equation of a business: increases and / or decreases

For each of the operations described below, indicate the effect on the accounts of the accounting equation of a business: increases and / or decreases in assets, liabilities and capital:

1. a) The contribution of one of the partners is received and the amount is deposited in the company's checking account.

Increase: ______________________________________ Decreases: ______________________________________

2. b) The rent for the office space corresponding to six months is paid in advance.

Increase: ______________________________________ Decreases: ______________________________________

3. Office supplies were purchased on credit.

Increase: ______________________________________ Decreases: ______________________________________

4. A bank loan is received. The bank deposited the amount into the business checking account.

Increase: ______________________________________ Decreases: ______________________________________

5. Interest for the month is paid to the bank for the loan granted.

Increase: ______________________________________ Decreases: ______________________________________

6. A patent was acquired and a check was issued to make the corresponding payment.

Increase: ______________________________________ Decreases: ______________________________________

7. A cash loan was made to one of the employees.

Increase: ______________________________________ Decreases: ______________________________________

8. Paid what was owed for materials purchased on credit.

Increase: ______________________________________ Decreases: ______________________________________

9. Advertising for the period was contracted and paid in cash.

Increase: ______________________________________ Decreases: ______________________________________

10. Dividends were declared and paid in cash.

Increase: ______________________________________ Decreases: ______________________________________

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