Using the indicated letters, identify the net effects of the following transactions or conditions on the various balance sheet components. Use (I) to indicate an increase, (D) to indicate a decrease and NE to indicate the transaction has no effect on a particular balance sheet component.

Transaction	Assets	Liabilities	Equity
Short-term note payable issued for property
Accrual of wages
Receipt of cash related to a one-year magazine subscription (before the subscription begins)
Accrual of warranty costs at the time of sale using the accrual method
Long-term note payable issued for cash
Long-term note payable issued for expenses (to pay salaries, rent, etc).
Payment of interest previously accrued
Payment of interest not previously accrued (assume the bond was issued at a premium on January 1 and pays interest annually on December 31)