The following transactions occurred during a recent year: a . d e Paid wages of $1,250 for the current period Borrowed $6,000 cash from local bank Purchased $2,500 of equipment on credit Earned $500 of sales revenue, collected cash Received $1,000 of utilities services, on credit Eamed $2,000 of service revenue, on credit Paid $400 cash on account to a supplier Incurred $120 of delivery expenses, paid cash Earned $600 of service revenue, collected hall in cash, balance on credit Collected $200 cash from customers on account Incurred $500 of advertising costs, paid half in cash, balance on credit 9 1 Required: For each of the transactions, complete the table below, indicating the account, amount and direction of the effect (+ for increase, - for decrease and +/- for increase and decre Include revenues and expenses as subcategories of shareholders' equity, as shown for the first transaction, which is provided as an example. Transaction Assets Liabilities Stockholders' Equity Wages expense (1,250) a Cash (1,250) C d e - 9 h 1 3