Business, 27.02.2020 21:39 hongkongbrat6840

Olive Enterprises experienced the following events during 2012.

1. Acquired cash from the issue of common stock.
2. Paid cash to reduce the principal on a bank note.
3. Sold land for cash at an amount equal to its cost.
4. Provided services to clients for cash.
5. Paid utilities expenses with cash.
6. Paid a cash dividend to the stockholders.

Explain how each of the events would 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.

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Olive Enterprises experienced the following events during 2012.

1. Acquired cash from th...

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