Instructions: Below is a list of transactions A-L. In the chart below, indicate the effect of the transaction on all related accounts. Note: Use a negative sign for expenses and dividends, as an increase to one of those accounts decreases overall equity. A.) Daniel Scott invested $189,500 of cash to start Gering Enterprises to start the company. B.) Gering uses $6,750 cash to buy office furniture. C.) Gering purchases $5,150 of office supplies on account. D.) Gering pays $3,525 in cash for the first week of salaries for its two employee (immediately recording it as expense.) E.) Gering provides service in the amount of $28,500 to a customer on account. F.) Gering borrows $51,500 from the bank by signing a promissory note. G.) Gering provides service to a customer in the amount of $25,250 and immediately collects cash. H.) Gering collects $17,500 as partial payment from the customer in E. 1.) Gering uses up $2,550 of the office supplies from entry C. J.) Gering collects the remaining amount from the customer in E. K.) Gering pays off $3,250 of the debt from transaction C. L.) Daniel withdrew $8,750 as a dividend to himself. ASSETS LIABILITIES EQUITY Accounts Receivable Office Supplies Office Furniture Accounts Payable Notes Payable Common Stock Revenues Transaction Cash A.) B.) C.) D.) E.) F.) G.) H.) 1.) J.) K.) L.) Totals $0 Total Assets Total Liabilities Total Equity Total Liabilities and Equity $0 | | | | | S Expenses (-) Dividends (-) $0 $0 $0 $0 $0 $0 $0 $0