Jake’s Roasted Peanuts, Inc., supplies snack foods. The business experienced the following events.

a. Jake’s Roasted Peanuts issued common stock after receiving cash from the sole stockholder.

b. Cash purchase of land for a building site.

c. Paid cash on accounts payable.

d. Purchased equipment; signed a note payable.

e. Performed service for a customer on account.

f. Paid cash dividends.

g. Received cash from a customer on account receivable.

h. Borrowed money from the bank.

Requirement 

1. State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asset affected.