The items making up the statement of financial position of Phillips Truck Rental at December 31 are listed below in tabular form. Assets Liabilities Equity Balances $13,900 Cash + Accounts Receivable + Office Equipment + $9,500 $3,800 Trucks $68,000 Notes Payable $20,000 Accounts Payable + Share capital $10,200 $65,000 During a short period after December 31, Phillips Truck Rental had the following transactions. 1. Bought office equipment at a cost of $2,900. Paid cash. 2. Collected $5,300 of accounts receivable. 3. Paid $2,700 of accounts payable. 4. Borrowed $20,000 from a bank. Signed a note payable for that amount. 5. Purchased two trucks for $31,000. Paid $14,000 cash and signed a note payable for the balance. 6. Sold additional share to investors for $94,000. Required: b. Record the effects of each of the six transactions in the preceding tabular arrangement. (Enter decreases to accounts as a negative.)