Grayson Co. experienced the following events during 2013: 1. Acquired cash from the issue of common stock.

Question:

Grayson Co. experienced the following events during 2013:
1. Acquired cash from the issue of common stock.
2. Borrowed cash.
3. Collected cash from providing services.
4. Purchased land with cash.
5. Paid operating expenses with cash.
6. Paid a cash to the stockholders.

Required
Explain how each of these events 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 anexample.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...