uring the month, a company enters into the following transactions a. Buys $9,000 of supplies on account b. Pays $7,000 cash for new equipment. c. Pays off $5,000 of accounts payable. d. Pays off $2,500 of notes payable. Required: a. Show the eTect of these transacions on the basic accounting equation. (Enter any decreases to account balances with a minus sign ) s' Equity Assets Liabilities b. Prepare the jounal entries that would be used to eoord the transactions (f no entry is required for a Journal entry worksheet Fecord the purchase of supplies on account for 59.000 . Prepare the journal entries that would be used to record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of supplies on account for $9,000. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal b. Prepare the jounal entries that would be used to record the transactions. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the entry for cash used to pay off accounts payable for $5,000. Note: Enter debits before credits. Credit General Journal ransaction Debit Record entry Clear entry View general journal b. Prepare the journal entries that would be used to record the transactions. (If no entry is required for a transactionievent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for cash used to pay off notes payable for $2,500. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal