9. Payments to suppliers on account totalled $511,000. 10. The cost of the inventory that was sold during the year was $555,500. 11. Selling and administrative expenses totalled $81,600 for the year. Of this amount, $5,200 was unpaid at year end. 12. 13. 14. Interest on the note payable from the venture capitalist was paid at year end (September 30, 2020). The interest rate on the note is 10%. In addition, $25,800 of the note principal was repaid at that time. The equipment was depreciated based on an estimated useful life of 10 years and a residual value of $26,800. The company declared and paid a dividend of $6,800. (a) Show the effects of the transactions on the basic accounting equation. (If an amount reduces the account balance then enter with negative sign. Indicate whether it is Revenue, Expense or Dividend declared in the last column. In case if there is no effect then select "Not Applicable".) Assets 9. Payments to suppliers on account totalled $511,000. 10. The cost of the inventory that was sold during the year was $555,500. 11. Selling and administrative expenses totalled $81,600 for the year. Of this amount, $5,200 was unpaid at year end. 12. 13. 14. Interest on the note payable from the venture capitalist was paid at year end (September 30, 2020). The interest rate on the note is 10%. In addition, $25,800 of the note principal was repaid at that time. The equipment was depreciated based on an estimated useful life of 10 years and a residual value of $26,800. The company declared and paid a dividend of $6,800. (a) Show the effects of the transactions on the basic accounting equation. (If an amount reduces the account balance then enter with negative sign. Indicate whether it is Revenue, Expense or Dividend declared in the last column. In case if there is no effect then select "Not Applicable".) Assets