Using headings of (assets, liabilities, Owners equity, netincome), show the affect if any from the transactions below. Indicate whether its it is an addition or subtraction. Any net income should ( not ) be shown as affecting owner sequity.

Here's the info:

1) The firm borrowed $2,000, a short term note wassigned.

2) Inventory was purchased for $750.00, only $200.00 was paid,balance in 30 days.

3) Wages was accrued at the end of the month of $1,000.

4) Sold merchandise that cost $350.00, for $450.00 incash.

5) Paid this month's rent of $700.00.

6) Revenues recieved $2,000 for services, of $6500.00, balancein 30 days.

7) During the month, supplies were purchased at a costof $520.00, and debited into supplies (assets) account, A total of $400.00 of supplies were used for the month.

8) Interest of $240.00 has been earned on a note receivable, but has not yet been recieved.