State the effects of the following transactions on the assets, liabilities and

capital by putting a check if there is an increase or decrease on them.

Transactions Assets Liabilities Capital

Inc Dec. Inc. Dec. Inc. Dec.
1.Purchased supplies for
cash
2.Purchased equipment
on account
3.The owner invested cash
in the business
4.Paid the equipment
purchased in no. 2
5.Borrowed money from
the bank to be used in
the business
6.The owner withdraw
cash for his personal
use
7.Purchased furniture and
fixture on account
8.Purchased defective
furniture purchased in
no. 7
9.Purchased additional
supplies on account
10. Paid half of the loan in
no. 5