Lex Systems inc, is a computer soltware company that makes online public access cataloguing systems for library, business, or home use. It also has a small service department that provides initial date inpulting for a fee. The company has been in business for ten years. At the end of the most recent yeac, the accounting records ieflected total assets of $100,000 and total liabitiles or $2,5,000. During the current year, the following summarized events occurred: a. Repaid $5,000 cash on a bank note borrowed in a previous year. b. Bought a computer from a sthareholder for $2.000; signed o one-year note for the liabillty. c. Disposed of a printer that was obsolete (net book value of zero) by turning it in to a salvage centre; no proceeds from the disposal d. Purchased office equipment for $1,000; paid cash. e. Paid a $500 cash dividend to the shareholders 6 Made a $10,000 down payment on a $50,000 bualding: signed a four-year note for the iemaindec. g. A shareholder sold \$5,000 woth of his shares in Lex Systems inc. to the company at cost. Required: 1. Complete the spreadsheet given below, for increases and decceases in each account. The first transaction is used as an example. (Enter any decreases to occount balances with a minus sign.) Lex Systems inc, is a computer soltware company that makes online public access cataloguing systems for library, business, or home use. It also has a small service department that provides initial date inpulting for a fee. The company has been in business for ten years. At the end of the most recent yeac, the accounting records ieflected total assets of $100,000 and total liabitiles or $2,5,000. During the current year, the following summarized events occurred: a. Repaid $5,000 cash on a bank note borrowed in a previous year. b. Bought a computer from a sthareholder for $2.000; signed o one-year note for the liabillty. c. Disposed of a printer that was obsolete (net book value of zero) by turning it in to a salvage centre; no proceeds from the disposal d. Purchased office equipment for $1,000; paid cash. e. Paid a $500 cash dividend to the shareholders 6 Made a $10,000 down payment on a $50,000 bualding: signed a four-year note for the iemaindec. g. A shareholder sold \$5,000 woth of his shares in Lex Systems inc. to the company at cost. Required: 1. Complete the spreadsheet given below, for increases and decceases in each account. The first transaction is used as an example. (Enter any decreases to occount balances with a minus sign.)