Explain briefly how each of the following transactions would affect a company's financial statements. (Remember, assets must equal liabilities plus owners' equity before and after the transaction.)

a. Purchase of a new $10 million building, financed 20 percent with cash and 80 percent with a bank loan.

b. Purchase of a new building for $10 million cash.

c. A $10,000 payment to trade creditors.

d. Sale of $100,000 of merchandise for cash.

e. Sale of $100,000 of merchandise for credit.

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