Listed below are eight events or transactions of Lone star Corporation:

a.Made an adjusting entry to record interest on a short-term note payable.

b.Made a monthly installment payment of a fully amortizing, six-month, interest bearing installment note payable.

c. Recorded a regular biweekly payroll, including the amounts withheld from employees, the issuance of paychecks, and payroll taxes on the employer.

d.Came within 12 months of the maturity date of a note payable originally issued for a period of 24 months.

e.Deposited employee tax withholdings with proper tax authorities.

f.Issued bonds payable at face value.

g.Recognized semiannual interest expense on bonds payable described in part f and paid bondholders the full interest amount.

h.Recorded the necessary adjustment entry on Dec 31, 2015, to accrue three months interests on bonds payable that had been issued at a discount several years prior. The next semiannual interest payment will occur March 31, 2016.

Indicate the effects of each of these transactions on the following financial statement categories. Organize your answer in tabular form, using the illustrated column headings. Use the following code letters to indicate the effects of each transaction on the accounting element listed in the column heading: I for increase, D for decrease, and NE for no effect.

Transaction	Revenue -	Expenses =	Net Income	Assets -	Current Liab. +	Long term + Liab.	Owners Equity
a.
b.
c.
d.
e.
f.
g.
h.