1. Enter each transaction under both single-entry and double-entry accounting in the table below. Indicate with or - if the transaction will increase or decrease the column entered, respectively. Make notes for other assets where appropriate Sold 200 market hogs to IBP. Total check was for $34,400. Pigs had been recorded in inventory when they weighed 50 pounds, at a value of $10,000 Paid feed bill of $3,500. It had been entered as an account payable (liability) previously Borrowed $18,000 for farm operating expenses from Bank One (dh Traded a tandem disk to Smith Implement for a new one priced at $16,000. Dealer allowed $9,000 trade-in value on the old disk, so cash paid was $7,000 Made payment to AgCo Finance for combine loan, $24,800, of which S20,000 was principal The other $4,800 was for interest Bought 30 bags of seed corn at $80 per bag from Garst, $2,400 total Single Entry Double Entry Transaction Income Expense |Assets Liabilities asad 200 market hoa 31Do b Paid -3,500 oill