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Explain how each of these events affect the accounting

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Reference no: EM13920130

Grayson Co. experienced the following events during 2013:

1. Acquired cash from the issue of common stock. 
2. Borrowed cash. 
3. Collected cash from providing services. 
4. Purchased land with cash. 
5. Paid operating expenses with cash. 
6. Paid a cash dividend to the stockholders.

Required:

Explain how each of these events affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation. 

1177_264-B-A-A-C (2342).png

The first event is shown as an example.

Reference no: EM13920130

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