Indicate the impact of each of the transactions below on the fundamental accounting equati...

Indicate the impact of each of the transactions below 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 entered as an example.

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 customers.

9. Paid salaries of $4,500 to employees.

10. Paid $6,000 to a creditor on account.