E2-5A. Transaction Analysis Match cach of the following transactions of Lesch & Company with the ap- LO4 propriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. The correct answer for Transaction (1) is given as an illustration: Answer 1. Purchased supplies on ac 2. Paid interest on note payable. 3. Paid cash dividend to stockholders 4. Returned some defective supplies and received a reduction in the amount owed 5. Made payment to settle note payable 6. Received an invoice for utilities used. 7. Received payment in advance from client for work to be done next month. 8. Received additional capital contribution from stockholders. Financial Effect of Transaction a. Debit an asset b. Credit an asset c. Debit a liability d. Credit a liability e. Debit common stock f. Credit common stock g. Debit dividends h. Credit dividends i. Debit a revenue j. Credit a revenue k. Debit an expense I. Credit an e Question 14 5 pts Marlborough Gate Company purchased two trucks on June 30, 2017 for $40.000, Using the straight line method of depreciation calculate Marlborough Gate's depreciation expense for the year ended December 31,2017