a) In the table below, state the effect of the following transactions on the balance sheet equation. State whether there is an INCREASE or DECREASE in the Asset, Liabilities or Capital in each transaction. 1. The owner deposited an additional $7,000 into the business bank account. 2. The owner paid accounts payable of $500 from the bank. 3. The owner took goods valued at $400 for his personal use. 4. The owner bought stationery on credit from Paper Plus Limited costing $1,200. Assets Liabilities Capital (1) (ii) (111) (iv)​