Specify in the space provided the effect of each of the following accounting events on assets, liabilities and owner's equity. Use I for Increase, D for Decrease and NA for Not Applicable.

ASSETS LIABILITIES OWNERS EQUITY

A. Issued preferred stock for cash ____________________ ________________

B. Purchased office computers on account ________ _____________ _________________

C. Purchased computer supplies for cash _________ _____________ ________________

D. Returned defective supplies and received a cash refund _______ ___________ _____________

E. Made a payment on computers purchased above_________ ___________ _____________

F. Purchased inventory by making a cash down payment with the balance owed on open account

__________ __________ ___________