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

Question:

Hansen Enterprises experienced the following events during 2013:
1. 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 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 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...