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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
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. Required Indicate which of the above events occur in the equation by selecting the letter I for increase, the letter "D" for decrease, and "VD increase and decrease in a particular component. Accounting equation components that are not affected by the events should be le- blank. The first event is shown as an example. (Not all cells will require input) OLIVE ENTERPRISES Accounting Equation Stockholders' Equity Liabilities Common Retained Stock Earnings + Event Number Assets 1 IN + 3 4 5 --+ 6
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