(Associating accrual-type changes with specific accounts)

For each of the following events affecting Becca's Bootery, identify the accounts that would be increased and those that would be decreased on April 30 in order to accurately measure the results of her operations for the month of April:

1. Becca borrowed $\$ 10,000$ on April 1 to provide working capital for her business. She promised to repay the loan in 12 months with interest at 8 percent a year.

2. Becca did not plan to use the entire $\$ 10,000$ immediately. On April 1, she invested $\$ 2,000$ in a 90 -day Treasury bill that would pay her 6 percent interest.

3. Becca paid $\$ 1,800$ on April 1 for a 3-year fire insurance policy.