Konerko Industries had the following transactions. Borrowed $5,716 from the bank by signing a note. Paid $2,187 cash for a computer. Purchased $700 of supplies on account. Instructions (a) Indicate what accounts are increased, decreased or has no effect on each transaction. (No effect is used when the account is not debited or credited.) Assets = Liabilities + Owners Equity 1. No effectIncrease & DecreaseIncreaseDecrease DecreaseNo effectIncrease & DecreaseIncrease Increase & DecreaseDecreaseIncreaseNo effect 2. No effectIncrease & DecreaseIncreaseDecrease DecreaseIncrease & DecreaseNo effectIncrease DecreaseNo effectIncreaseIncrease & Decrease 3. IncreaseIncrease & DecreaseNo effectDecrease No effectIncreaseIncrease & DecreaseDecrease No effectIncreaseDecreaseIncrease & Decrease (b) Journalize each transaction. Account/Description Debit Credit 1. CashNotes payableInterest expenseSuppliesComputerAccounts payableAccounts receivableSupplies expense Supplies expenseInterest expenseNotes payableSuppliesAccounts receivableAccounts payableCashComputer 2. Interest expenseSupplies expenseComputerCashNotes payableSuppliesAccounts receivableAccounts payable Accounts payableComputerAccounts receivableCashInterest expenseSuppliesSupplies expenseNotes payable 3. Notes payableSupplies expenseAccounts payableCashAccounts receivableInterest expenseSuppliesComputer Interest expenseCashAccounts receivableComputerSuppliesSupplies expenseAccounts payableNotes payable