For each of the following situations, determine whether the transactions Increased (I), Decreased (D), or had No Effect (NE) for each of the items in the chart below. Please use letters (I, D, NE) in the spaces below.

		Bond Discount	Bond Premium	Bond Payable	Common Stock	Addl PIC	Retained Earnings
1.	Loyola issued bonds payable with a nominal interest rate that was less than the market rate of interest.
2.	Loyola called a bond at 102 when the carrying value of the bond was 104.
3.	Loyola issued bonds payable with a nominal interest rate that was greater than the market rate of interest.
4.	Loyola redeemed a 10% bond issue (originally sold at face value) via an open market purchase when the market rate of interest had increased to 14%.
5.	Loyola converted $400,000 bonds payable that were carried at 91 into 4000 shares of its own common stock. The stock has a $1 par value and a current selling price of $100. Use the book value method to record the conversion.