Use the description options to describe the effect on the accounting equation of the following transactions: (a choice may be used once, more than once or not at all) (1) Investment by owner (2) Cash paid for purchase of office supplies (3) Collection on account (4) Cash received for services provided to customers (5) Cash paid for expenses incurred (e.g. employees' salaries and wages) (1) Investment by owner (2) Cash paid for purchase of office supplies (3) Collection on account (4) Cash received for services provided to customers (5) Cash paid for expenses incurred (e.g. employee salaries) [Choose ] [Choose ] decrease assets, decrease equity decrease assets, decrease liabilities increase assets, increase liabilities increase assets, increase equity increase assets, decrease assets [Choose] [Choose ] [Choose ]

Use the description eptions to describe the effect on the accounting equation of the followicg transactions ta choice myy be used once. mere than ance or not at all) (1) Irvestment ty ownet (2) Cash paid for purchase of othet supplies (3) Collection on account (4) Cabh received for servises provided to customers (5) Cohh paid for expenses incurred (ey. employees' kalaries and wagest (t) imestment by arrer (2) Cath paid far purthse of etice wpplet (3) Culietion en Arcount (4) Cust revelived for arfyers previded to custorien