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Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each

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Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Enter only one letter for each element. Increase = 1 Decrease = D No Effect = NA Landau Company established a petty cash fund by issuing a check in the amount of $500 to the petty cash custodian. Assets Stmt of Cash Net Income Flows Liabilities Stk. Equity Revenues Expenses

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