Question: Match the following basic transaction analysis with the best description of the economic event. 1. Cash increased by $9,000 and the owner's equity account, M.

 Match the following basic transaction analysis with the best description of

Match the following basic transaction analysis with the best description of the economic event. 1. Cash increased by $9,000 and the owner's equity account, M. Vijayakumar, Capital, is increased by $9,000. 2. Cash is decreased by $6,000 and the asset account Prepaid Rent is increased. 3. Supplies is increased by $1,000 and the liability account Accounts Payable is increased by $1,000. 4. Accounts receivable is increased by $900 and the revenue account Service Revenue is increased by $900. Description Transaction Analysis (a) Cash paid in advance for rent. 2 V (b) Owner invests cash in the business. 1 > (c) Supplies are purchased on account. (d) Company provides service on account

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