The following are transactions for the city of Clinton.

a. Borrowed $100,000 by issuing a one-year, 5% note, three months before year-end.

b. Accrued interest at year end, but did not pay the interest at year end.

c. Charges for services rendered of $2,500 were billed and collected immediately.

d. Incurred salary costs of $5,000, unpaid.

Required: Analyze the above transactions by using the accounting equation for a governmental fund