For each of the following transactions, indicate whether the account in parentheses should be debited or credited, and give the reason for your answer.

a. Purchased land for cash. (Cash)

b. Sold an old, unneeded computer on 30-day credit. (Office Equipment)

c. Obtained a loan of \(\$ 30,000\) from a bank. (Cash)

d. Purchased a copying machine on credit, promising to make payment in full within 30 days. (Accounts Payable)

e. Williams Word Processing, Inc., issued 10,000 shares of capital stock. (Capital Stock)