Sunland Company had the following transactions 1 Borrowed $6,764 from the bank by signing a note Paid $3,382 cash for a computer. 2. 3. Purchased $609 of supplies on account. Your answer is correct Indicate what accounts are increased and decreased by each transaction Debit Analysis Account Names Credit A 1 Increase the Asset Cash increase the Liabili 2 Increase the Asset Equipment Decrease the Asset 3. Increase the Asset Supplies Increase the Liabil Your answer is correct. Indicate what accounts are increased and decreased by each transaction. ames Account Names Credit Analysis increase the Liability Notes Payable Decrease the Asset Cash Increase the Liability Accounts Payable Journalize each transaction (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2 3