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Check my worl 3 The following transactions occurred during a recent year: a. Paid wages of $1,600 for the current period (example) b. Borrowed $8,000 cash from local bank using a short-term note. c Purchased $3,200 of equipment on credit. d. Earned $640 of sales revenue, collected cash e. Received $1,280 of utilities services, on credit f Earned $2,700 of service revenue, on credit. g Paid $480 cash on account to a supplier. h. Incurred $110 of travel expenses, paid cash. i. Earned $640 of service revenue; collected half in cash, with balance on credit points eBoak Hint Print References Collected $180 cash from customers on account. k. Incurred $460 of advertising costs; paid half in cash, with balance on credit. Required 1. For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increase and - for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders equity, as shown for the first transaction, which is provided as an example