Marx Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note.2. Paid $3,100 cash for a computer.3. Purchased $850 of supplies on...

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Marx Industries had the following transactions.

1. Borrowed $5,000 from the bank by signing a note.
2. Paid $3,100 cash for a computer.
3. Purchased $850 of supplies on account.

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Indicate what accounts are increased and decreased by each transaction.

 

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