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....

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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 and decreased by each transaction.
(b) Journalize each transaction.