The items making up the balance sheet of Phillips Truck Rental at December 31 are listed below in tabular form. During a short period after December 31, Phillips Truck Rental had the following transactions. 1. Bought office equipment at a cost of $3,100. Paid cash. 2. Collected $5,000 of accounts receivable. 3. Paid $2,400 of accounts payable. 4. Borrowed $20,000 from a bank. Signed a note payable for that amount: 5. Purchased two trucks for $27,000. Paid $14,000 cash and signed a note payable for the balance. 6. Sold additional stock to investors for $86,000. Required: b. Record the effects of each of the six transactions in the preceding tabular arrangement. (Enter decreases to accounts as a negative.)