For each of the following events, indicate the amount by which total assets increased or decreased.
a)Purchased $400 of supplies on account.
b)Earned $800 of revenue by performing a service for cash.
c)Received utilities bill for $500, to be paid in the following period.
d)Paid salaries to employees of $5,000.
e)Purchased equipment for $1,600 on account.
f)Purchased equipment for $5,000 cash.
g)Collected $475 from a customer on an account receivable.
h)Performed $3,000 of services on account.

Question

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The Answer of For each of the following events, indicate the amount by which total assets increased or decreased.
a)Purchased $400 of supplies on account.
b)Earned $800 of revenue by performing a service for cash.
c)Received utilities bill for $500, to be paid in the following period.
d)Paid salaries to employees of $5,000.
e)Purchased equipment for $1,600 on account.
f)Purchased equipment for $5,000 cash.
g)Collected $475 from a customer on an account receivable.
h)Performed $3,000 of services on account.

For Each of the Following Events, Indicate the Amount by Which