Galle Inc. entered into the following transactions during January. a. Borrowed $200,000 from First Street Bank by signing a note payable. b. Purchased $25,000 of equipment for cash. c. Paid $1,500 to landlord for rent for January. d. Performed services for customers on account, $10,000. e. Collected $3,000 from customers for services performed in Transaction d. f. Paid salaries of $5,500 for the current month. g. Declared and paid $1,500 dividend to stockholders. h. Purchased $2,500 of supplies on credit. Required: Show the effect of each transaction using the following model. If an amount box does not require an entry, leave it blank. Enter decreases in account item, enter "0" since the net effect on the item is zero. a. b. C. d. e. f. g. h. Assets 200000 = Liabilities HAMPIO + Stockholders' Equity Contributed Capital MONET + Retained Earnings TIN

Galle Inc, entered into the following transactions during January. a. Borrowed $200,000 from First Street Bank by signing a note payable. b. Purchased $25,000 of equipment for cash. c. Paid $1,500 to landiord for rent for January. d. Performed services for customers on account, $10,000. e. Collected $3,000 from customers for services performed in Transaction d. f. Paid salaries of $5,500 for the current month. g. Declared and paid $1,500 dividend to stockhoiders. h. Purchased $2,500 of supplies on credit. Required: Show the effect of each transaction using the following model. If an amount box does not require an entry, leave it blank. Enter decreases in account item, enter " 0n since the net effect on the item is zero