Show the effect, if any, of the transaction entry or adjustment on the appropriate balance sheet category or on the income statement by entering the amount and indicating whether it is an addition (+) or a subtraction (-). Column headings reflect the expanded balance sheet equation; items that affect net income should not be shown as affecting stockholders' equity. In some cases, only one column may be affected because all of the specific accounts affected by the transaction are included in that category. Transaction a has been completed as an illustration. a. During the month, Supplies Expense was debited $1,800 for supplies purchased. The cost of supplies used during the month was $1,400. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month. b. Independent of transaction a, assume that during the month, Supplies (asset) was debited $1,800 for supplies purchased. The total cost of supplies used during the month was $1,400. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month. c. Received $800 of cash from clients for services provided during the current month. d. Paid $500 of accounts payable. e. Received $300 of cash from clients for revenues accrued at the end of the prior month. f. Received $900 of interest revenue accrued at the end of the prior month. g. Received $1,200 of interest revenue for the current month. h. Accrued $700 of interest revenue earned in the current month. i. Paid $1,900 of interest expense for the current month. j. Accrued $600 of interest expense at the end of the current month. k. Accrued $2,500 of commissions payable to sales staff for the current month. Required: a. Indicate the financial statement effect. b. Prepare the journal entry for the above transactions. b. Prepare the journal entry for the above transactions