For each of the following events affecting Youth Services, identify the accounts that would be increased and those that would be decreased on April 30 in order to accurately measure the results of operations for the month of April:
1. Youth Services borrowed $ 10,000 on April 1 to provide working capital. It promised to repay the loan in 12 months with interest at 6 percent a year.
2. Youth Services did not plan to use the entire $ 10,000 immediately. On April 1, it invested $ 2,000 in a 90- day Treasury bill that would pay 4 percent interest.
3. Youth Services paid $ 1,800 on April 1 for a 3- year fire insurance policy.