Financial Accounting: E2-6 Konerko Industries had the following transactions

Financial Accounting
E2-6
Konerko Industries had the following transactions.
1. Borrowed $5,000 from the bank by signing a note.
2. Paid $2,500 cash for a computer.
3. Purchased $700 of supplies on account.
Instructions
(a) Indicate what accounts are increased, decreased or has no effect by each transaction. (No effect is used when the account is not debited or credited.)
(b) Journalize each transaction.
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