Show the effect of each of the following independent accounting events on the financial statements using a

Question:

Show the effect of each of the following independent accounting events on the financial statements

using a horizontal statements model like the following one. Use 1 for increase, 2 for decrease, and NA for not affected. The first event is recorded as an example.

a. Issued a bond at face value.
b. Made an interest payment on a bond that had been issued at face value.
c. Borrowed funds using a line of credit.
d. Made an interest payment for funds that had been borrowed against a line of credit.
e. Made a cash payment on a note payable for both interest andprincipal.