b) For each of the transactions identified below, state how the asset, liability and/or equity accounts increase or decrease. Name the account and indicate whether it would be recorded as a Debit or Credit. (15 Marks) LIABILITIES EQUITY Increase Credit Contributed Capital $5000 ASSETS Eg. Owner contributes Increase. $5000 cash to the Debit Cash business. $5,000 a. Obtained a loan to buy equipment for $40,000. b. Received $3000 in inventory goods from supplier on supplier's credit. c. Sold the goods in b. d. Invoiced the customer $6000 for the sale in c. e. Paid the supplier in b. $3000 f. Paid GST (tax) of $2000 o RE X F4 F3 F7 De FB F9 do F10 Hor F11 F12 $ %