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Simpson Travel Agency had the following transactions during the month. Indicate whether assets, liabilities or owner$$s equity will increase or decrease and by how much, based on each transaction. The first entry has been done for you. Always ensure the accounting equation is balanced.

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second space directly below.

Transaction Assets Liabilities Owner's Equity

Paid $$200$ cash for maintenance expense. $-200-200$

$1)$ The owner invested $$4,640$ cash into the business. Answer $1$ Question $4$

$4640$

Answer $2$ Question $4$

$0$

Answer $3$ Question $4$

$4640$

$2)$ Paid $$4,700$ cash for one year of insurance. Answer $4$ Question $4$

$-4700$

Answer $5$ Question $4$

$0$

Answer $6$ Question $4$

$0$

Answer $7$ Question $4$

Answer $8$ Question $4$

Answer $9$ Question $4$

$3)$ Received a telephone bill for $$180$ which will be paid later. Answer $10$ Question $4$

$0$

Answer $11$ Question $4$

$180$

Answer $12$ Question $4$

$-180$

$4)$ Purchased equipment worth $$720$ on account. Answer $13$ Question $4$

$720$

Answer $14$ Question $4$

$720$

Answer $15$ Question $4$

$0$

$5)$ Collected $$3,800$ cash for one day's service. Answer $16$ Question $4$

$3800$

Answer $17$ Question $4$

$0$

Answer $18$ Question $4$

$3800$

$6)$ Paid $$700$ towards the bank loan. Answer $19$ Question $4$

$-700$

Answer $20$ Question $4$

$-700$

Answer $21$ Question $4$

$0$

$7)$ Paid $$61$ interest related to the bank loan. Answer $22$ Question $4$

$-61$

Answer $23$ Question $4$

$0$

Answer $24$ Question $4$

$-61$

$8)$ Paid $$600$ of accounts payable. Answer $25$ Question $4$

$-600$

Answer $26$ Question $4$

$-600$

Answer $27$ Question $4$

$0$

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