Requirement Show the effect of each transacticn on assets, lablities, and equity using the accounting equation.(If a box is not used in the table leave the box empty; do not enter a zero. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: Contr. Cap = Contributed Capital: Acc OCI = Accumulated Other Comprehensive Income; Beg RE Beginning Retained Earnings; Rev. Revenues. Exp. Expenses; D = Dividends. Transactions Assets Liabilities + Stockholders Equity Retained Earnings Cash + Noncash Liabilities + Contr. + Acc. + Beg. + Rev. and Exp. and . Div. a. b. c. Bought office equipment with cash, $26,000. Bought supplies on credit from a vendor, $14,000. Sold goods for cash, $37,000 (ignore the inventcry and cost of goods sold entry of this transaction). Assets Cap RE Gains Losses Declared d. Bought raw materials from a supplier on account, $25,000. e. Sod goods to customers on account, $70,000 (igre the inventory and cost f. g. h. i. j. of goods sold entry of this transaction). Purchased raw materials by issuing a note payable, $12,000. Paid cash toward note payable balance, S4,200 Received cash from customer to apply to credit account balance, $3,400 Paid for accounting and legal fees in cash, S4,700. Paid salaries in cash, $13,000. Print Done