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Part III Increase and Decrease Transactions Esteem Fitness provides fitness services for its customers. During July 2016, Esteem Fitness had the following transactions. Date Description Jul 1 Sold one-month memberships to customers for $3,060 on account. Jul 3 Received a telephone bill for $210 which will be paid next month Jul 6 Paid an employee's salary of $1,170. Received $3,160 cash from customers paying in advance for upcoming one-year Jul 10 memberships. Jul 15 Paid $5,810 cash in advance for six months of rent. Jul 20 Received a $11,200 loan from the bank. Jul 26 Purchased equipment worth $8,700 cash. Required Complete the table to analyze each transaction. The first transaction has been completed for you. Increase or Date Account Name Category Decrease Debit or Credit Jul 1 Accounts Receivable Asset Increase Debit Service Revenue Revenue Increase Credit Jul 3 Jul 6 Jul 10 Jul 15 Jul 20 Jul 26