No 3: Hamza owns & operates an interior design studio called Hamza Interiors. The following amounts summarize the financial position of his business on May 31, 2021: (7) Owner's Equity Assets Liabilities + Accounts + Receivable + Supplies + Accounts Payable Cash Land + Hamza, Capital Bal. 2,250 1,500 12,000 8,000 7,750 During June 2021, the following events occurred. a. Hamza inherited $20,000 and deposited the cash in the business bank account. b. Performed services for a client and received cash of $700. Paid off the beginning balance of accounts payable. d. Purchased supplies on account, $1,000. e. Collected cash from a customer on account, $1,000. f. Invested personal cash of $1,000 in the business. g. Withdrew cash of $1,100 for personal use. Required 1. State whether the above transactions are Cash or Credit or Mixed transactions 2. Analyze the effects of the preceding transactions