Analyze business transactions from the accounting equation. (LO 1, 2, 3) Analyze the following transactions for Information Resource Services Inc. and explain the transaction or event that resulted in each entry.

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Assets Liabilities Shareholder's Equity Contributed Capital Retained Earnings Accounts Prepaid Cash Receivable Supplies Rent (P&E) Property & Accumulated Equipment Depreciation- P&E a 115,000 Long-term Interest Salaries Notes Comumon Payable Payable Payable Stock 115,000 Revenues Expenses b. (112,500) 112.500 C 85,000 85,000 d. (1,000) 1,000 e (825) 825 f 13,150 (615) h. L (275) 795 J k (1,500) 50 13,150 (615) (275) (795) (1,500) (50)