For each of the transactions below, record whether it would result in an increase or decrease in assets and/or liabilities. An organization 1. purchases supplies with cash. 2. purchases supplies on...

For each of the transactions below, record whether it would result in an increase or decrease in assets and/or liabilities. An organization

1. purchases supplies with cash.

2. purchases supplies on account.

3. takes out a loan.

4. repays loan principal.

5. receives payment on a pledge.

6. makes a payment on an amount it owes.

7. prepays for insurance.

8. pays employee wages that were earned by the employees.

9. begins using office space with a 10-year lease for the property.