Complete the accounting equations for transactions 7, 8, 9, and 10.

here are the completed accounting equations for transactions 7, 8, 9, and 10:

7. Bought sandpaper, polish and oil for the floors, R750.

Assets	Owner's Equity	Liabilities
Effect	Reason	Effect	Reason	Effect	Reason
$- \text{R}750$	Cash decreased	$- \text{R}750$	Expenses increased

8. Received R1 120 in rent for some storage space used by an electronics business.

Assets	Owner's Equity	Liabilities
Effect	Reason	Effect	Reason	Effect	Reason
$+ \text{R}1\,120$	Cash increased	$+ \text{R}1\,120$	Income increased

9. Paid for the telephone to be connected by cheque, R850.

Assets	Owner's Equity	Liabilities
Effect	Reason	Effect	Reason	Effect	Reason
$- \text{R}850$	Cash decreased	$- \text{R}850$	Expenses increased

10. Paid the owner's personal water and electricity account per cheque, R660.

Assets	Owner's Equity	Liabilities
Effect	Reason	Effect	Reason	Effect	Reason
$- \text{R}660$	Cash decreased	$- \text{R}660$	Drawings increased