Transaction 1: Purchase of merchandise for 1,600. The invoice is to be paid in early 2022.

Transaction 2: Receipt of 1,200 from customers for sales made in 2020.

Transaction 3: Receipt of a 270 invoice for advertising expenses.

Transaction 4: Sales of merchandise for 3,000, with half immediately collected. The other half will be received in 2022. These goods were purchased at the end of 2020 for 1,000.

Transaction 5: Payment of 2,000 for December salaries.

Transaction 6: Advance payment of rent for the year 2022 for 1,400.

Transaction 7: Consumption of rent for the year 2021 for 1,700. This rent was prepaid at the end of 2020.

Transaction 8: Consumption of equipment depreciation, which is recorded linearly over 10 years. The equipment is listed on the balance sheet at its carrying value of 9,000. The equipment was acquired on January 1, 2020.

Give me the answers which of those transactions are:

Assets : Cash, Accounts Recevable, Merchandise Inventory, Equipment.

Liabilities: Note Payable, Accounts Payable. Owners equity: Paid in Capital, Retained Income

with Debit and Credit