received cash from issuance of common stock to stockholders. a. Increase asset (Cash) ; Increase equity (Common Stock) Part 2 b. Cash purchase of land for a building site. b. Decrease asset (Cash) ; Increase asset (Land) Part 3 c. Paid cash on accounts payable. c. Decrease asset (Cash) ; Decrease liability (Accounts Payable) Part 4 d. Purchased equipment; signed a note payable. d. Increase liability (Accounts Payable) ; Increase asset