Use the following to answer questions 6-8 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Purchased a truck by paying cash. (Assets Increase, Assets decrease by the same amount (NE), Liabilities a Stockholders' Equity No Effect). 6. Borrowed from the bank. 7. Purchased office supplies on account. 8. Paid employees for work completed this month. (a) 6. 7. 8. 1598 Asset C Liability Stockholders' Equity