You are doing the books of Shamina Tutorial Services. The following transactions took place in March 2013. For each transaction listed below, identify whether Assets, Liabilities and or Stockholders' Equity (SE) groups are affected and whether they increase or decrease.

Eg. Purchased Supplies on Account
Answer: Assets Increase; Liabilities Increase

1. Invested cash in Shamina Tutorial Services and received common stock

2. Borrowed from the First Bank of Baltimore and signed a promissory note

3. Purchased Supplies with Cash

4. Purchased a computer from a local office supply store with a promise to pay next month.

5. Provided tutorial services on account for 3 students

6. Paid rent for the month.

7. Placed and paid for an ad in a newspaper to run this month

8. Paid the office supply store for the computer purchased in Transaction #4

9. Received cash from tutorial services provided on account in Transaction #5

10. Provided additional tutorial services to students for cash