Question 2:
Indicate whether each transaction caused an increase (+), a decrease (-), or no change (NC)
In assets, liabilities, and owner's equity:
Owner's
Assets Liabilities Equity
a. withdrawal of cash by owner
b. purchase of an asset for cash
c. purchase of an asset on account
d. received, but did not pay, electric bill
e. paid salaries not previously recorded
f. invested equipment in the business
Transactions
