Lincoln Corporation was involved in the following transactions during the current year:
a. Lincoln borrowed cash from the local bank on a note payable.
b. Lincoln purchased operating assets on credit.
c. Lincoln paid dividends in cash.
d. Lincoln purchased supplies inventory on credit.
e. Lincoln used a portion of the supplies purchased in transaction d.
f. Lincoln provided services in exchange for cash from the customer.
g. A customer received services from Lincoln on credit.
h. The owners invested cash in the business in exchange for common stock.
i. The payable from transaction d was paid in full.
j. The receivable from transaction g was collected in full.
k. Lincoln paid wages in cash.
Required:
Prepare a table like the one shown below and indicate the effect on assets, liabilities, and stockholders€™ equity. Be sure to enter debits and credits in the appropriate columns for each of the transactions. Transaction a is entered as an example:

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Liabilities Stockholders' Equity Contributed Retained Capia Eamings Assets Increase Credit) a. Increase Debit)