For each of the following events, determine if it has an effect on the specific items (such as cash) in the accounting equation. For the events that do have an effect, present an analysis of the transaction showing its two sides or dual nature.
a. Purchased equipment for cash, USD 12,000.
b. Purchased a truck for USD 40,000, signed a note (with no interest) promising payment in 10 days.
c. Paid USD 1,600 for the current month’s utilities.
d. Paid for the truck purchased in (b).
e. Employed Mary Childers as a salesperson at USD 1,200 per month. She is to start work next week.
f. Signed an agreement with a bank in which the bank agreed to lend the company up to USD 200,000 any time within the next two years.