Olive Enterprises experienced the following events during Year 1: 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 "Decrease," "Increase" or "Increase/Decrease" for increase and decrease in a particular component Leave blank if the event does not affect a component of the accounting equation. The first event is shown as an example. Event Number 1. Increase Assets OLIVE ENTERPRISES Accounting Equation Stockholders' Equity Liabilities Common Stock Retained Earnings +Increase + < Prev 4 of 4 Next >