Exercise 2-6 Your answer is partially correct. Try again. Concord Corporation had the following transactions. 1. Borrowed $6,535 from the bank by signing a note. 2. Paid $3,268 cash for a computer 3. Purchased $588 of supplies on account. (a) Indicate what accounts are increased and decreased by each transaction. Debit Analysis Credit Analysis 1. Increase the Asset Increase Increase the Liability Increase 2. no effect no effect 3. Increase the Asset Increase increase the Liability Increase (b) Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accounit titles and enter 0 for the amounts.)