Question Three Selected transactions completed by a proprietor the appropriate columns at th transacti " p o ns completed by a proprietorship are described below. Indicate the effects of each a assets, liabilities, and owner's equity by inserting for increase and for decrease in riate columns at the right. If anronriate you may insert more than one symbol in a column. 15 X 3 = 22.5 marks OE (a) Received cash from owner as an additional investment (b) Purchased supplies on account (e) Paid rent for the current month (d) Received cash for services sold to customers (e) Returned some defective supplies purchased in (b) ( Paid insurance premiums in advance () Paid cash to creditor for purchases in (b) (h) Charged customers for services sold on account (1) Paid cash to a customer as a refund for an overcharge 0) Received cash on account from customers (k) Owner withdrew cash for personal use (1) Recorded the cost of supplies used during the year (m) Received invoice for electricity used (n) Paid wages (o) Purchased a truck for cash- 8 Page