Identify if each of the following transactions will increase/decrease assets, Liabilities, or Net Worth, by completing the table below. Then find the total Assets and Liabilities and NW and check if A = L + NW.

a. Owner invested $60,000 in business.

b. Business paid $2,000 for rent.

c. Business purchased $20,000 furniture on account.

d. Business earned $10,000 revenue; $8,000 cash and $2,000 on customers account.

e. Business received a utility bill of $700 payable in a month.

f. Business received $1,000 from the customer, who was billed in transaction d.

g. Business purchased $7,000 inventory in cash.

h. Business paid $10,000 to the furniture company regarding the transaction c.

i. Business provided $12,000 service for a customer; received $10,000 cash and $2,000 on customers account.

j. Owner withdrew $5,000 from business account for personal use.

k. Business received $1,000 from the customer who was billed in transaction d.