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Chapter 1 LO 2, 3 Exercise 1-10A/ Effect of events on the accounting equation Hansen Enterprises...

Question:

Chapter 1 LO 2, 3 Exercise 1-10A/ Effect of events on the accounting equation Hansen Enterprises experienced the following ev
Chapter 1 LO 2, 3 Exercise 1-10A/ Effect of events on the accounting equation Hansen Enterprises experienced the following events during 2013: r. 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 Explain how each of the events would affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation. The first event is shown as an example. Stockholders' Equity Event Number Assets = Liabilities + Common Stock Retained + Earnings NA NA

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stock holders fruit Event Number Assets common A & Liabilities & Co कर I = NA + NA + : NA + NA + Retained. Ecoom I 2 (Note-13. Repayment of decreases cash Liability principle of Bank note & Loan amount which is a 4. Selling Land which means Decreasi

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