Elvira Industries had the following transaxtions: 1. Borrowed $5000 from the bank by signing a note. 2. Paid $2500 cash for a…

Elvira Industries had the following transaxtions: 1. Borrowed $5000 from the bank by signing a note. 2. Paid $2500 cash for a computer 3. Purchased $450 of supplies on account a. Indicate what accounts are increased and decreased by each transaction. b. Journalize each transaction

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