For each of the following indicate whether the transaction increased (+) decreased (-) or had no effect (NE) on assets liabilities and owner's equity using the following format.
Assets = Liabilities + Owner's Equity
1. Made an investment to start the business.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Withdrew cash for personal use.
5. Paid for equipment purchased in 3. above.

Question

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The Answer of For each of the following indicate whether the transaction increased (+) decreased (-) or had no effect (NE) on assets liabilities and owner's equity using the following format.
Assets = Liabilities + Owner's Equity
1. Made an investment to start the business.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Withdrew cash for personal use.
5. Paid for equipment purchased in 3. above.

For Each of the Following Indicate Whether the Transaction Increased