Remember to use negative signs with your answers, when appropriate.

	Balance Sheet											Income Statement
Transaction	Cash Asset	+	Noncash Assets	=	Liabilities	+	Contributed Capital	+	Earned Capital			Revenue	-	Expenses	=	Net Income
(a) Borrow 24,700 from local bank.	Answer	+	Answer	=	Answer	+	Answer	+	Answer			Answer	-	Answer	=	Answer
(b) Pay 3,900 insurance premium for coverage for following year.	Answer	+	Answer	=	Answer	+	Answer	+	Answer			Answer	-	Answer	=	Answer
(c) Purchase vehicle for 41,600 cash.	Answer	+	Answer	=	Answer	+	Answer	+	Answer			Answer	-	Answer	=	Answer
(d) Purchase and receive 3,250 of office supplies on account (i.e., pay supplier later).	Answer	+	Answer	=	Answer	+	Answer	+	Answer			Answer	-	Answer	=	Answer
(e) Place order for 1,300 of additional supplies to be delivered next month.	Answer