Paid $400 cash on accounts payable. Made a cash purchase of land for a building site for the business, $89,000. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000). a. b. C. Received $15,400 cash from customers on account. d. Purchased medical equipment and signed a $90,000 promissory note in e. payment. f. Purchased a flat-screen TV for Smith's home. Paid Smith a cash dividend of 4,000. g. h. Purchased office supplies on account for $1,200. i. Borrowed $62,000 from the bank for use in the business. j. Received $12,000 cash and issued stock to a stockholder. 1. State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asse affected. State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identily any specific asset affectet. If no effect, indicate the reason. Account affected or why assets are not affected Transaction Asset effect a. Paid $400 cash on accounts payable. b. Made a cash purchase of land for a building site for the business, $89,000. c. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000). d. Received $15,400 cash from customers on account. e. Purchased medical equipment and signed a $90,000 promissory note in payment