leeks 3 \& 4 Quiz B. Identifying Transactions and reparing Journal Entries Identify the corroct account to be debided or credesed firter the exact amount af the transaction or 0for No Entry in the Jid bex of each line. The Company borrowed $3,940 from a local bien on a note doe in ux inonths Assets 1 Llabilies St.weholderi' Equaty Identsyy the cocrect account to be debited or credted. Enter the enact amount of the transaction or 0 for No Entry in the Srd box of exch line Do not include the dolar sigh. Purchased $1,000 in equipment, pring $200 cash and promiging the rest on a oote twe in one year. Assets 1: Assets 2 Lisbisties. Shardholbors'Eouity: Pleave ansiotr all parts of the gurstion. Identify the correct account to be debited or crediked. Enter the exact amount of the transaction or ofor No Entry in the 3rd box of each ine. Do not include the dollar sign. Purchssed 51,000 in equipment, paying 5200 cash and promising the rest on a note due in one year. Ascets 1: Assets 2 Labinies Stareholders Equay. Piesse answer all parts of the ciestion. Neeks 3 \& 4 Quiz B. Identifying Transactions and Preparing Journal Entries ldentify the correct sccount to be debited or credited. Enter the exact amount of the transaction of 0 for No Entry in the 3 rd box of exch line do not include the dollar sign. Pad $300 cash for tupplies Assets: Rstets: Labities Shareholdes's' fquity eks 3 \& 4 Quiz B. Identifying Iransactions and paring Journal Entries Identily the correct occount to be dobited or credied. Enter the exact amount of the trafsaction or 0 for No Entry in the 3rd bor of each line. Do not inchide the dollar. sign- Bought and received $700 of supplies on accourt. Assets 1. Liablitios: Sharehilates Fquity; eks 3 \& 4 Quiz B. Identifying Transactions and eparing Journal Entries Identify the correct account to be debited or credted. Enter the exact amount of the tramaction or 0 for No Entry in the 3rd box of each line. Do not include the doilar sign: Received 34,630 cash from investors and issued cominon stock fo them. Assets: Labilites Shareholder' Equity