During a short period after December 31 , Phillips Truck Rental had the following transactions. 1. Bought office equipment at a cost of $2,600. Paid cash. 2. Collected $5,000 of accounts receivable. 3. Paid $3,400 of accounts payable. 4. Borrowed $20,000 from a bank. Signed a note payable for that amount. 5. Purchased two trucks for $29,000. Paid $14,000 cash and signed a note payable for the balance. 6. Sold additional share to investors for $78,000. Required: b. Record the effects of each of the six transactions in the preceding tabular arrangement. (Enter decreases to accounts as a negative.)