Show the effect that each of the following independent transactions has on the elements of the accounting equation.Specify the type of asset, liability or owners' equity account that would be affected. 
A) Sells $100,000 worth of goods, 60% on credit, the rest for cash
B) Buys $55,000 of goods on account
C) Collects $25,000 owing from customers.D) Makes $10,000 loan payment
E) Borrows $35,000 from shareholders
Definitions:
Bile
A digestive fluid produced by the liver, stored in the gallbladder, and secreted into the small intestine to aid in the digestion and absorption of fats.
Cholesterol
A waxy, fat-like substance that's found in all cells of the body, necessary for making hormones, vitamin D, and substances that help digest foods.
Salts
Ionic compounds resulting from the neutralization reaction of an acid and a base, commonly used in food and for industrial purposes.
Pancreas
A gland in the digestive system that produces enzymes for digesting food and hormones such as insulin for regulating blood sugar levels.
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