describe the effects of each of the following business transactions on assets liabilities and owner s equity

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Describe the effects of each of the following business transactions on assets, liabilities, and owner’s equity. Each topic needs to be a 100 word response with one reference APA format.

  1. Bought equipment on credit.
  2. Paid salaries to employees.
  3. Sold services for cash.
  4. Paid cash to a creditor.
  5. Bought furniture for cash.
  6. Sold services on credit.