Determining Accounting Equation Effects of Various Transactions [LO2,LO3] The following transactions occurred during a recent year; a. Paid wages of $1,450 for the current period. b Borrowed $6.0OO cash from local bank c. Purchased $2,900 of equipment on credit. d Earned $580 of sales revenue, collected cash. e. Received $1, 160 of utilities services, on credit. g. Paid $480 cash on account to a suppler. h. Incurred $160 of delivery expenses, paid cash. i. Earned $760 of service revenue, collected half in cash, balance on credit. j. Collected $280 cash from customers on account k. Incurred $660 of advertising costs, paid half in cash, balance on credit. Required: For each of the transactions, complete the table below, indicating the account, amount, and direction of the effect (+ for increase, - for decrease and +/= for increase and decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of shareholders' equity, at shown for the first transaction, which is provided as an example