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Oriole Company had the following transactions. 1. Borrowed $7,215 from the bank by signing a note. 2. Paid $3,607 cash for a computer. 3. Purchased
Oriole Company had the following transactions. 1. Borrowed $7,215 from the bank by signing a note. 2. Paid $3,607 cash for a computer. 3. Purchased $649 of supplies on account. Indicate what accounts are increased and decreased by each transaction. Credit Analysis Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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