Fredo Industries had the following transactions.

DOUBLE CHECK

Fredo Industries had the following transactions. 1. 2. 3. Borrowed $5,043 from the bank by signing a note. Paid $2,521 cash for a computer Purchased $454 of supplies on account. (a) Indicate what accounts are increased and decreased by each transaction Debit Analysis Credit Analysis 2 (b) Journalieeach 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.) No. Account Titles and Explanation Debit Credit 2