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Question 2 [15 points] Star Inc. recorded the following transactions occurred during the month of December. Indicate whether each transaction would cause the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and als select (+/-). AL+E a) Star Inc. returned to the supplier $7,500 of equipment discovered to be defective. It was originally purchased on account in an earlier transaction. b) $4,200 of supplies purchased on credit in an earlier transaction were found to be defective. They were returned. c) Star Inc. paid $4,250 for equipment purchased today. d) Carter Stark (a shareholder), received share capital in Star Inc., after investing equipment and supplies into the business worth $70,000 and $25,000, respectively. e) Star Inc. will pay this month's utilities bill of $200 received today, within 30 days. f) $800 of furniture purchased on credit in an earlier transaction was found to be damaged. Star Inc. returned it to the supplier. 9) Carter Stark, a shareholder of Star Inc., received share capital after investing furniture worth $7,000 and a building worth $45,000 into the business. h) Carter Stark, a shareholder of Star Inc., received share capital after having transferred to the business a building worth $19,000 and the $2,000 remaining balance of the related short-term note payable. i) Star Inc. collected $1,000 for commissions earned today. 1) Carter Stark (a shareholder), received share capital in Star Inc., after investing $25,000 cash and $45,000 worth of equipment in Star Inc. k) Star Inc. used $100 cash and $600 credit to purchase $700 of supplies. 1) Star Inc. paid $100 towards the bill from an earlier transaction. m) Star Inc. hired a new employee for $500 bi-weekly. He will begin working next month. n) Paid bi-weekly salaries of $20,250. o) Star Inc. spent $300 cash on supplies