For each of the first 4 questions indicate how the event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. Click oneachempty box to record your answer for that element.You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statementsorthe event causes an increase in that element that is offset by a decrease in the same element.)

Increase = IDecrease = DNot Affected = NA

1) On January 1, Year 1, Kirkland Co. issued $200,000 of bonds payable at 101.5.

Assets

Liabilities

Equity

Revenues

Expenses

Net Income

Stmt of Cash Flows

2) Upon maturity, Eagle Co. repaid the face value of a bond liability.

Assets

Liabilities

Equity

Revenues

Expenses

Net Income

Stmt of Cash Flows

3) On January 1, Year 1, Ravenwood Company issued a long-term installment note.

Assets

Liabilities

Equity

Revenues

Expenses

Net Income

Stmt of Cash Flows

4) On December 31, Year 1, Ravenwood Company made an annual payment on a long-term installment note payable.

Assets

Liabilities

Equity

Revenues

Expenses

Net Income

Stmt of Cash Flows