Financial Statement Effects of Liabilities Fiber Company was involved in a number of transactions during the month of August. For each of the following, list the balance sheet and income statement accounts affected, indicate whether the account balances are increased or decreased, and indicate the amount of the change:

a. Supplies costing $900 were purchased on account.

b. Building rent for the months of September and October in the amount of $4,000 was received in advance.

c. Wages of $2,500 were earned by employees after the last payroll payment in August.

d. Bonds with a par value of $400,000 were issued for $425,000 at the end of August.

e. A loan of $75,000 was repaid to a local bank along with interest for the month of August in the amount of $560.