For each of the following transactions, select the account and its effect on the basic accounting equation (Assets Liabilities + Shareholders' Equity): (If no entry is required select No Entry for the account and No Effect for the efftect. For Shareholder's equity select Retained Earnings for all activity.) Transaction a Purchase of equipment for cash b. Receipt of a loan from a bank (Use bank loan payable c. Purchase of inventory on account d. Sale of services to a customer for cash 0. Payment of account payable Recorded wages owed to employees g. Payment of interest on loan h. Repayment of loan principal Payment of wages owed to employees that were recorded in transaction 10 1 Purchase of inventory on credit k. Payment of utility expenses L Recorded depreciation on the equipment Assets Li