Question: Specify in the space provided the effect of each of the following accounting events on assets, liabilities, and owners' equity. Use 1 for Increase, D

Specify in the space provided the effect of each of the following accounting events on assets, liabilities, and owners' equity. Use 1 for Increase, D for Decrease, and NA for Not Applicable.

Owners Assets Liabilities Equity A. Borrowed cash from the bank by signing a note payable. B. Paid a dividend to the owners of the business. C. Employees eaned, but were not paid, one week's salary. D. Paid an obligation to the IRS for taxes. E. Supplies were used in the business. F. Purchased land and a building for cash.

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