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Question: Transaction analysis and use of the basicaccounting equationRequiredAnalyze the following transactions and show theireffects on the basic accounting equation, by preparing a templateas follows:?ASSETS?LIABILITIESS/H EQUITYDate/Ref.CashA/RInv.Equip.A/PDividends PayableLoan PayableCommon SharesRev/ExpRev/Exp/DD?a. Received $250,000 from the issuanceof shares.b. Borrowed $100,000 from the bank at6% per year.c. Purchased equipment for$178,000.d. Purchased inventory costing $75,000,paying $50,000, with the balance on account.e. Recorded sales of $92,000 (half cashand half on account) to customers. The inventory related to thesesales had a cost of $49,000.f. Paid $20,000 to suppliers related tothe purchase on inventory in transaction (d).g. Paid $3,700 in wages toemployees.h. Repaid loan principal of $4,000 plusinterest of $1,200 related to the bank loan.i. Recorded depreciation of $22,600 onthe company's equipment.j. Declared dividends of$8,000.