2-1A. Transaction Analysis The accounting equation of L. Lee & Company as of the beginning of the accounting period is given below, followed by seven transactions whose effects on the accounting equation are shown. Describe each transaction that occurred. Of the transactions affecting Retained Earnings, transaction (e) had no effect on net income for the period. Accounts Receivable + Supplies Accounts Notes Common Payable + Payable + Stock $800 + $2,500 + $2,000 Retained Earnings Cash + $700 = + $8,500 $9,000 -8,000 +400 +7,000 +7,000 Balance $4,100 + (a) +8,000 (b) -400 (c (d) -750 (e) -4,900 (0) -300 (9) +2,200 -750 -4,900 +300 +2,200