Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Purchased a truck by paying cash. (Assets Increase, Assets decrease by the same amount (NE), Liabilities and Stockholders' Equity No Effect). 6. Borrowed from the bank. 7. Purchased office supplies on account. 8. Paid employees for work completed this month. (a) 6. 7. 8. Asset C Liability C Stockholders' Equity C