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 row provided and enter the negative amount in the second row. Transaction Paid $200 cash for maintenance expense. Assets Liabilities -200 Owner's Equity -200 1) The owner invested $6,240 cash into the business. 2) Paid $4,740 cash for one year of insurance. 3) Received a telephone bill for $150 which will be paid later. 4) Purchased equipment worth $1,330 on account. 5) Provided services and collected $3,200 cash. 6) Paid $1,000 towards the bank loan. 7) Paid $78 interest related to the bank loan. 8) Paid $1,000 of accounts payable.