Here are the final effects of eachAccountingon transaction:1. Paid telephone bill: Decreased cash and owner's equity by $220.00.2. Received owner's investment: Increased cash and owner's equity by $700.00.3. Paid rent: Decreased cash and owner's equity by $800.00.4. Received cash from Nikki's Notes: Increased cash and decreased accounts receivable by $1,800.00.5. Paid insurance: Decreased cash and owner's equity by $325.00.6. Received cash from sales: Increased cash and owner's equity (revenue) by $800.00.The transactions changes the accounting equation, we can break them down one by one:1. Paid cash for telephone bill. $220.00- Thistransactiondecreases cash (asset) by $220.00.- It decreases owner's equity (assuming it's a personal expense) by $220.00.2. Received cash from owner as an investment, $700.00.- This transaction increases cash (asset) by $700.00.- It increases owner's equity (capital) by $700.00.3. Paid cash for rent $800.00- This transaction decreases cash (asset) by $800.00.- It decreases owner'sequity(assuming it's a personal expense) by $800.00.4. Received cash on account from Nikki's Notes $1,800.00- This transaction increases cash (asset) by $1,800.00.- It decreases accounts receivable (asset) by $1,800.00.5. Paid cash for one month of insurance, $325.00- This transaction decreases cash (asset) by $325.00.- It decreases owner's equity (assuming it's a personal expense) by $325.00.6. Received cash from sales $800.00- This transaction increases cash (asset) by $800.00.- It increases owner's equity (revenue) by $800.00.Remember that thefundamentalaccounting equation is:Assets = Liabilities + Owner's Equity.These transactions affect the equation by either changing assets or owner's equity.For more such questions onAccounting:brainly.com/question/33068790#SPJ1Que. Part Three-Determining How Transactions Change an Accounting Equation Test 1BPaid cash for telephone bill. $220.00Received cash from owner as an investment, $700.00.Paid cash for rent $800.00Received cash on account from Nikki's Notes $1,800 00Paid cash for one month of insurance, $325 00Received cash from sales $800.00...

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