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QUESTION 4 For each of the following transactions for Buffalo, Inc. Note: mark the account that is debited (D) and the account that is credited (C). 1. Buffalo purchases a machine for cash Cash Machine 2. Buffalo borrows money from a bankcash Loan payable 3. Buffalo pays cash for an insurance policy that takes effect in the future Cash 4. Buffalo buys inventory for cash Cash Inventory 5. Buffalo receives cash from an inwestor for new sharesCash 6. Buffalo receives equipment in exchange for common stock issued to an investorEquipment 7. Buffalo repays a loan to a bank Cash Loan payable Prepaid insurance Common stock Common stock