Ivanhoe industries had the following transactions.\ Borrowed

$6,500

from the bank by signing a note.\ Paid

$4,000

cash for a computer.\ Purchased

$600

of supplies on account.\ (a)\ Indicate what accounts are increased and decreased by each transaction.

Ivanhoe industries had the following transactions. 1. Borrowed $6,500 from the bank by signing a note. 2. Paid $4,000 cash for a computer. 3. Purchased $600 of supplies on account. (a) Indicate what accounts are increased and decreased by each transaction