Please circle Dr$.$ or Cr$.$ for each transaction. $(10$ points$)$

$(1)$ Receipt of Cash for Service $-$ Cash $($Dr$.$ or Cr$.),$ Service Income $($Dr$.$ or Cr$.)$

$(2)$ Payment of Utility Bill $-$ Cash $($Dr$.$ or Cr$.),$ Utility Expense $($Dr$.$ or Cr$.)$

$(3)$ Purchase Equipment on account $-$ Equipment $($Dr$.$ or Cr$.),$ Accounts Payable $($Dr$.$ or Cr$.)$

$(4)$ Receipt for Accounts Receivable $-$ Cash $($Dr$.$ or Cr$.),$ Accounts Receivable $($Dr$.$ or Cr$.)$

$(5)$ Additional cash investment by the owner $-$ Cash $($Dr$.$ or Cr$.),$ Capital $($Dr$.$ or Cr$.)$

$(6)$ Purchase of Insurance for Two Years $-$ Cash $($Dr$.$ or Cr$.),$ Prepaid Insurance $($Dr$.$ or Cr$.)$

$(7)$ Decrease in Prepaid Insurance $-$ Prepaid Insurance $($Dr$.$ or Cr$.),$ Insurance Expense $($Dr$.$ or Cr$.)$

$(8)$ Withdrawal of investment by the owner $-$ Cash $($Dr$.$ or Cr$.),$ Drawing $($Dr$.$ or Cr$.)$

$(9)$ Purchase of Inventory $-$ Cash $($Dr$.$ or Cr$.),$ Inventory $($Dr$.$ or Cr$.)$

$(10)$ Payments for Accounts Payable $-$ Cash $($Dr$.$ or Cr$.),$ Accounts Payable $($Dr$.$ or Cr$.)$

Put appropriate accounts under each item of Accounting Equation referring the boxes below. $(10$ points$)$

$\backslash$table$[[$Assets$,=,$Liabilities,$+,\backslash$table$[[$Owner$\text{'}$s$],[$Equity$]],$Revenues,$-,$Expenses$],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,]]$

Accounts: Accounts Payable, Capital, Sales Income, Wage Expenses, Cash, Inventory, Accounts Receivable, Interest Income, Professional Fee Expenses, Utility Expenses, Rental Expenses, Notes Payable, Prepaid Insurance, Notes Receivables, Equipment, Drawing, Advertising Expenses, Interest Expenses, Insurance Expenses

$5.$ Describe and compare Sole Proprietorship, Partnership, and Corporation in detail. $(20$ points$)$