Casting Crown Construction entered into the following transactions during a recent year: January 2 purchased a used bulldozer for $200,000 by paying $20,000 cash and $1 gning a $180,000 note. January 3 Replaced the steel tracks on the bulldozer, ( 50 we could use it) at a cost of $20, 000 , purchased on account. January 36 Wrote a cheque for the amount owed on account for the work conpleted on January 3. February 1 Replaced the seat on the bulldozer and wrote a cheque for the full $600 cost. March 1 Pald $2,400 cash for the rights to use conputer software for a two-year period. Required: 1-a. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign.) new4 1.b. Prepare the journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 1 Purchased a bulldozer for $200,000 by paying $20,000 cash and signing a $180,000 note. 2 Replaced the steel tracks on the bulldozer at a cost of $20,000, purchased on account. 3 Wrote a cheque for the amount owed on account for the work completed on January 3. 4 Replaced the seat on the bulldozer and wrote a cheque for the full $600 cost. 5 Paid $2,400 cash for the rights to use computer software for a two-year period. Note : O = journal entry has been entered