INFERRING TRANSACTIONS FROM BALANCE SHEET CHANGES Each of the following balance sheet changes is associated with a particular transaction:

a. Cash increases by $100,000 and capital stock increases by $100,000.

b. Cash decreases by $22,000 and land increases by $22,000.

c. Cash decreases by $9,000 and retained earnings decreases by $9,000.

d. Cash increases by $15,000 and notes payable increases by $15,000.

Required:

Describe each transaction listed above.

Exercise