*Exercise 2-6 Your answer is partially correct. Try again. Fredo Industries had the following transactions 1. 2. 3. Borrowed $6,184 from the bank by signing a note. Paid $3,092 cash for a computer Purchased $557 of supplies on account (a) Indicate what accounts are increased and decreased by each transaction Debit Analysis Credit Analysis .Increase the Asset no effect Increase the Liability no 2. TDecrease the Asset increase Increase the Asset no effect 3.Increase the Asset no effect Decrease the Asset 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 account titles and enter 0 for the amounts.)