The owner of Prestige Painting has provided the following list of transactions about her business: Apr 4  Paid rent $500.Required: A. Indicate the effect of the above transaction on the accounting equation. NOTE: Click each box, and from the dropdown list, select the appropriate effect. Select “Not effect” if the account is not affected. [table] Date | Assets | = | Liability | + | Owner’s Equity | + | Incomes | _ | Expenses Cash | Stock of Paint | | Accounts Payable | Loan | | Capital | | Service Income | | Rent Apr 4 | Blank 1 Question 4 IncreaseDecreaseNo effect | Blank 2 Question 4 IncreaseDecreaseNo effect | Blank 3 Question 4 IncreaseDecreaseNo effect | Blank 4 Question 4 IncreaseDecreaseNo effect | Blank 5 Question 4 IncreaseDecreaseNo effect | Blank 6 Question 4 IncreaseDecreaseNo effect | Blank 7 Question 4 IncreaseDecreaseNo effect [/table] B. Record the above transaction in the following journal book of Prestige Painting. NOTE: Record the debit entry (account) before the credit entry for each journal, and select “N/A” if any box is not required. [table] Journal Entry Date | Accounts/Details | Debit (Dr) | Credit (Cr) Apr 4 | Blank 8 Question 4 CashStock of PaintAccounts PayableLoanCapitalService IncomeRent Expense | Blank 9 Question 4 $500N/A | Blank 10 Question 4 $500N/A Blank 11 Question 4 CashStock of PaintAccounts PayableLoanCapitalService IncomeRent Expense | Blank 12 Question 4 $500N/A | Blank 13 Question 4 $500N/A [/table]