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3) Question: Gonzalez repair shop had the following transactions: 1. Borrowed $9,200 from the bank by signing a note. 2. Paid $2,500 cash for a

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3) Question: Gonzalez repair shop had the following transactions: 1. Borrowed $9,200 from the bank by signing a note. 2. Paid $2,500 cash for a car. 3. Purchased $1600 of office equipments on account. Required: a. Indicate what accounts are increased and decreased by each transaction. b. Journalize each transaction in general journal

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