Activity No. 04 - Transaction Effects on the Basic Accounting Model Instruction: For each transaction, indicate whether the assets (A), liabilities (L) or owner's equity (OE) increased (+), decreased...

Extracted text: Activity No. 04 - Transaction Effects on the Basic Accounting Model Instruction: For each transaction, indicate whether the assets (A), liabilities (L) or owner's equity (OE) increased (+), decreased (-) or did not change (0) by placing the appropriate sign in the appropriate column. The first one is done for you. Item Bought equipment, paying cash. Transaction A OE Paid the monthly rent expense. 3 2 Purchased supplies on credit. 4 Made an additional investment in the entity. 5 Charged customers for services provided on account. 6 Paid creditor on account. 7 Received payment from customers on Jaccount. Received cash for services rendered today. Permanently reduced his investment in the business by taking out cash. 10 Paid salaries for the week. 11 Acquired equipment, paying 50% down, the balance due in 30 days.