BRIEF EXERCISE 3.3 Recording Transactions [] LO3-7, LO3-8 Wagner Excavating organized as a corporation on January 18 and engaged in the following transactions during its first two weeks of operation. Jan. 18 Issued capital stock in exchange for $400,000 cash. Jan. 22 Borrowed $100,000 from its bank by issuing a note payable. Jan. 23 Paid $200 for a radio advertisement aired on January 24. Jan. 25 Provided $5,000 of services to clients for cash. Jan. 26 Provided $18,000 of services to clients on account. Jan. 31 Collected $4,200 cash from clients for the services provided on January 26. a. Record each of these transactions. b. Determine the balance in the Cash account on January 31. Be certain to state whether the balance is debit or credit. Five account classifications are shown as column headings in the following table. For each account classification, indicate the manner in which increases and decreases are recorded (i.e., by debits or by credits)