Effect of transactions on assets, liabilities and shareholders’ equity What is the effect on assets, liabilities and shareholders’ equity of each of the following transactions?

1 Issue new shares in the company for cash.

2 Borrow money from the bank.

3 Receive payment from a debtor.

4 Purchase inventory on credit.

5 Purchase inventory for cash.

6 Pay accounts payable.

7 Receive interest that was due from the previous accounting period.

8 Purchase equipment on credit.

9 Repay a loan.