Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template.

a$.$ Paid $$4,000$ for six months rent, in advance.

b$.$ Borrowed $$50,000$ from a bank.

c$.$ Received an invoice for utilities used during the current month, $$800.$

d$.$ Paid dividends to stockholders, $$25,000.$