Vera Company experienced the following events during its first year of operations.

1. Acquired $16,000 cash from the issue of common stock.

2. Paid $3,500 cash for salary expenses.

3. Borrowed $10,000 cash from New South Bank.

4. Paid $6,000 cash to purchase land.

5. Provided boarding services for $10,500 cash.

6. Acquired an additional $1,000 cash from the issue of common stock.

7. Paid $2,400 cash for utilities expense.

8. Paid a $1,500 cash dividend to the stockholders.

9. Provided additional services for $6,000 cash.

10. Purchased additional land for $2,500 cash.

11. The market value of the land was determined to be $24,000 at the end of the accounting period.

Required

Classify each event as an asset source, use, or exchange transaction.