Sterling Design, a proprietorship (Eric Sterling, owner), experienced the following events. State whether each event (1) increased. (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asset affected.

a. Sterling Design received a cash investment from the owner.

b. Cash purchase of land for a building site.

c. Paid cash on accounts payable.

d. Purchased machinery and equipment for a manufacturing plant; signed a promissory note in payment.

e. Performed service for a customer on account.

f. Sterling withdrew cash from the business for personal use. g. Received cash from a customer on account receivable. h. Sterling used personal funds to purchase a swimming pool for his home. i. Sold land for a price equal to the cost of the land: received cash. j. Borrowed money from the bank.