133. Rehnquist Company experienced the following events during 2011:1. borrowed cash2. purchased land by paying cash3. provided services to customers for cash4. repaid part of the cash borrowed in...





133. Rehnquist Company experienced the following events during 2011:
1. borrowed cash
2. purchased land by paying cash
3. provided services to customers for cash
4. repaid part of the cash borrowed in event 1
5. paid operating expenses with cash
6. paid a dividend to stockholders
7. issued common stock
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. The first is done for you as an example.



134. Indicate how each of the following transactions affect assets by entering + for increase, - for decrease, or NA if total assets are not affected.
_______ 1) Issued stock to investors.
_______ 2) Borrowed cash from the bank.
_______ 3) Provided services for cash.
_______ 4) Purchased land for cash.
_______ 5) Paid operating expenses.
_______ 6) Paid cash dividend to the stockholders.
_______ 7) Repaid the bank loan.



135. Classify each of the following events as an asset source (AS), asset use (AU), asset exchange (AX), or not applicable (NA).
_______ 1) Borrowed cash from the bank.
_______ 2) Issued stock for cash.
_______ 3) Invested cash in the common stock of another company.
_______ 4) Paid cash for operating expense.
_______ 5) Performed services and collected cash.
_______ 6) Purchased equipment for cash.
_______ 7) Repaid the bank loan with cash.
_______ 8) Dividends paid to the stockholders.





May 15, 2022
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