The following transactions are given:

a. A corporation issued common stock for cash.

b. The firm bought land with part of the cash.

c. The firm issued common stock in exchange for a building and equipment.

d. The firm purchased inventory on account.

e. The firm collected cash from a customer for merchandise sold several months previously.

f. A corporation issued some of its common stock in exchange for a parcel of land.

g. The firm paid cash to its creditors.

h. The firm sells obsolete equipment at its net book value.

Required:

Indicate the effects of the transactions on the balance sheet equation: