33. Majestic Corporation experienced the following events during 2019: 1. Raised cash by issuing a note payable. 2. Incurred and paid operating expenses. 3. Received payment in advance for services to be provided in 2020. 4. Made a December 31, 2019 year-end adjustment for three months of rent that had been prepaid and properly recorded on October 1, 2019. 5. Repaid part of the note in event 1. 6. Declared cash dividends to stockholders, payable in 2020.

Required: Indicate how each of these events affects the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for no effect under each of the components of the accounting equation. Use only one item of entry in each column. The first event has been completed for you as an example. All boxes in the Assets, Liabilities, Common Stock and Retained Earnings columns must have either an 1, D or NA for events 2 through 6. (10 points) QUESTION 33 MAJESTIC CORPORATION Stockholders' Equity Common Retained Stock + Earnings NA NA Event Number Assets Liabilities +