Indicate the effect of each of the following transactions upon the total assets of a business by using one of the appropriate phrases as below:

“increase total assets”;
“decrease total assets”; or “no change to total assets”.

a. Owner contributed a computer to the business.

b. Purchased a motor vehicle with cash.

c. Purchased a motor vehicle on credit.

d. Paid a creditor amount owing.

e. Received payment from a receivable.

f. Purchased land for $100,000, paying $20,000 deposit and arranging a mortgage for the balance.
g. Sold equipment for an amount of cash less than its cost.
h. Sold equipment for an amount of cash greater than its cost.
i. Received $260 from a receivable after allowing a $40 discount.