During the month, a company enters into the following transactions:

a.	Buys $4,500 of supplies on account.
b.	Pays $5,200 cash for new equipment.
c.	Pays off $3,200 of accounts payable.
d.	Pays off $1,600 of notes payable.

Required:

a.

Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.)

b.	Prepare the journal entries that would be used to record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)