For each transaction below, indicate which accounts are affected and whether they are increased or decreased:

a. Issued shares in exchange for cash.

b. Purchased land.

c. Purchased inventory on account.

d. Purchased equipment for cash.

e. Took out and paid a one-year insurance policy on the new equipment.

f. Received an invoice for advertising in the local paper that is due in 15 days.

g. Sold inventory to a customer on account. 

h. Paid the advertising bill from transaction (f).

i. Paid the supplier for the goods purchased in transaction (c).

j. Received a payment from the customer for the goods sold in transaction (g).

k. Recorded the insurance expense for the month for the insurance policy taken out in transaction (e).

l. Recorded depreciation for the month on the equipment purchased in transaction (d).