TRANSACTIONS1. Owner invested $90,000 in the business.2. Purchased $26,700 supplies on account.3. Purchased equipment for $21,000 cash.4. Paid $6,000 for rent (in advance).5. Performed services...

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TRANSACTIONS
1.		Owner invested $90,000 in the business.
2.		Purchased $26,700 supplies on account.
3.		Purchased equipment for $21,000 cash.
4.		Paid $6,000 for rent (in advance).
5.		Performed services for $7,800 cash.
6.		Paid $2,160 for utilities.
7.		Performed services for $10,500 on account.
8.		Received $6,600 from charge account customers.
9.		Paid salaries of $4,500 to employees.
10.		Paid $6,000 to a creditor on account.

Indicate the impact of each of the transactions above on the fundamental accounting equation (Assets = Liabilities + Owner’s Equity) by placing a “+” to indicate an increase and a “−” to indicate a decrease. The first transaction is provided as an example. (If transaction causes one account to increase and another to decrease within the same classification of the accounting equation, select +/-.)

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