Question: Please anyone help me with transaction analysis Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting

Please anyone help me with transaction analysis

Please anyone help me with transaction analysis Presented below are eight business

Presented below are eight business transactions. Indicate the effect of each transaction on each element of the accounting equation. (a) Purchased $255 of supplies on account. (b) Performed $533 of services on account. (c) Paid $274 of operating expenses. (d) Paid $255 cash on account for the supplies purchased in item (a) above. (e) Invested $1,117 cash in the business. (f) Owner withdrew $447 cash. (g) Hired an employee to start working the following month. (h) Received $533 from a customer who had been billed previously in item (b) above. (i) Purchased $470 of equipment in exchange for a note payable. Use the below format, in which the first one has been done for you as an example: (If a transaction causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-13 for example.) Owner's Equity Transaction Assets Liabilities Capital Drawings Revenues Expenses (a) $255 $255 $0 $0 $0 (b) (c) (d) (e) (h ) (1)

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