Required:

a.	Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) assets = liabilities + stockholders equity a b c d

During the month, a company enters into the following transactions:

a.

Buys $7,500 of supplies on account.

b.

Pays $6,400 cash for new equipment.

c.

Pays off $4,400 of accounts payable.

d.

Pays off $2,200 of notes payable.

b.	Prepare the journal entries that would be used to record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Please answer this asap since I have to turn it in in an hour!!!! please please thankyou