Instructions: For the transactions below, indicate which accounts would increase and decrease in the accounting records of Able Advertising Inc. The first one has been done for you. + Equity Assets Accounts Propad Cash Receivable hurance Adver Supplies Liabilities Accounts Unearned Common Egipment Payable Revenue Payable Retained Earnings 8/1 You invested $16,000 in exchange for common stock to start Able Advertising Inc. +$16,000 +$16,000 8/4 Purchased 3 months of insurance for $1500 cash. 8/7 Purchased $7,000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 8/10 Purchased $3,000 of advertising supplies on account. " Assets Liabilities Equity Cain Accounts Prepaid Receivable trave Advert Accounts Uneamed Notes Common -Cash Eagnet Payable Revenue Payable Dudend 8/13 A customer paid $6,000 in cash for advertising services performed today. 8/17 Received a utility bill for $650 and paid it in cash. 8/20 A customer paid $4000 for advertising services to be performed in the future. 8/23 Paid half of the accounts payable from 8/10. 8/25 Performed advertising services and charged the customer $8,000 on account (to be paid later). 8/28 Received half the balance from the 8/25 customer in cash. 8/31 Paid $3,000 in dividends. Totals