Jeffries's Pool Repairs began operations on June and had the following transaction during the first month. Choose the correct accounts that are affected by the transaction and whether those accounts are being increased or decreased.
Pool repair equipment was purchased at a cost of $ of which $ was paid is cash. A note payable loan was given for the remainder of $ terms annual interest for months.
Increase Equipment, $; Decrease Cash, $; Increase Notes Payable $
Increase Equipment, $; Decrease Cash, $
Increase Equipment $; Decrease Cash, $;
Increase Equipment, $; Increase Cash, $; Decrease Notes Payable, $
