Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first transaction has been completed for you. Always ensure that the accounting equation is balanced.

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second.

Transaction	Assets	Liabilities	Owner's Equity
Paid $200 cash for maintenance expense.	-200		-200
1) The owner invested $9,760 cash into the business.	Answer	Answer	Answer
2) Paid $3,190 cash for one year of insurance.	Answer	Answer	Answer
	Answer	Answer	Answer
3) Received a telephone bill for $90 which will be paid later.	Answer	Answer	Answer
4) Purchased equipment worth $1,330 on account.	Answer	Answer	Answer
5) Provided services and collected $3,600 cash.	Answer	Answer	Answer
6) Paid $1,000 towards the bank loan.	Answer	Answer	Answer
7) Paid $95 interest related to the bank loan.	Answer	Answer	Answer
8) Paid $600 of accounts payable.	Answer	Answer	Answer