price of assets 2-3 For each of the following transactions, complete the table below and identify the accounts involved, the type of each account (asset, liability, equity, revenue expense), whether each account increases or decreases in the transaction, and whether each account should be debited or credited. a. Selling hay to a neighbor. b. Borrowing money for operating expenses from Farm Credit Services c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services. e. The farm owner decides to use a personal computer for farm record keeping, No . f. Spending money from sale of grain to pay off personal credit cards. g. A young farmer receives 40 acres of land from parents. h. Buying enough feed for the entire winter i. Buying a new tractor. j. Buying diesel fuel and storing it on the farm. . k. Selling an old truck. bank account. Debit or Credit Increase or Decrease Type of Each Account Accounts a. b. c. d. g. h. 1. k