Required Information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. 1. Analyze each transaction. For each transaction, indicate by how much each category in the accounting equation increases or decreases. (Decreases to account classifications should be entered as a negative.) Transaction Assets Liabilities Stockholders' Equity 320 (0) $ 26,000 26,000 (b) $ (16,000) $ 16,000 (c) $ (6,200)