Jaywood industries opened on January 1 of the current year and completed the following transactions during the month. Analyze the transactions to determine the accounts being used, the types of accounts, whether the account has been increased or decreased and the impact on the accounting equation (A=L+E.)

A. Opened a business bank account with a deposit of $100,000 in exchange for common stock.

B. Purchased supplies on account, $8,000.

C. Received cash from fees earned on engineering services, $25,000.

D. Paid wages of $2,500.

E. Paid creditors on account, $8,000.