For each of the transactions below, record whether it would result in an increase or decrease in assets, liabilities, and/or net assets. An organization
1. earns revenue by satisfying a performance obligation.
2. receives a donor pledge.
3. purchases supplies with cash.
4. purchases supplies on account.
5. takes out a loan.
6. repays loan principal.
7. receives payment on a pledge.
8. makes a payment on an amount it owes.
9. prepays for insurance.
10. uses prepaid insurance.
11. uses supplies.
12. uses a capital asset.
13. receives cash in advance of providing goods or services to a client.
14. provides goods and services to a client in exchange for a cash payment that was made in advance.
15. employs workers who earn wages.
16. pays employee wages that have been earned.
17. deems a portion of a pledge is uncollectible.
18. pays interest on a loan.