Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done 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	Net Worth
Purchased a new TV for $1,300 on credit.	1300	1300
1) Purchased $150 worth of gas on credit.	Answer	Answer	Answer
2) Made a $1,020 student loan payment.	Answer	Answer	Answer
3) Purchased a chandelier for $1,030 cash.	Answer	Answer	Answer
	Answer	Answer	Answer
4) Prepaid three months of rent with $3,540 cash.	Answer	Answer	Answer
	Answer	Answer	Answer
5) Received a cash gift of $820.	Answer	Answer	Answer
6) Used up one of three months of prepaid rent.	Answer	Answer	Answer
7) Paid interest of $51, in cash, on the car loan.	Answer	Answer	Answer
8) Received a utility bill for $143 to be paid next month.	Answer	Answer	Answer