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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

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 I, D or NA for events 2 through 6.

XYZ CORPORATION

Stockholders' Equity

Event Number

Assets

=

Liabilities

+

Common Stock

+

Retained Earnings

1)

I

I

NA

NA

2)

3)

4)

5}

6)

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