Question
Hansen Enterprises experienced the following events during 2014: 1. Acquired cash from the issue of common stock. 2. Provided services to clients for cash. 3.
Hansen Enterprises experienced the following events during 2014: 1. Acquired cash from the issue of common stock. 2. Provided services to clients for cash. 3. Paid utilities expenses with cash. 4. Paid cash to reduce the principal on a bank note. 5. Sold land for cash at an amount equal to its cost. 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, "I/D" for increase and decrease in a particular component, and "NA" for does not affect under each of the components of the accounting equation. The first event is shown as an example.
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