Exercise $1-13$A $($Static$)$ Classifying events as asset source, use, or exchange LO $1-6$

Nevada Companies experienced the following events during its first year of operations:

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

Paid $$24$ cash for utilities expense.

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

Provided boarding services for $$6,000$ cash.

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

Determined the market value of the land to be $$24,000$ at the end of the accounting period.

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

Paid $$3,500$ cash for salary expense.

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

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

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

Required

Classify each event as an asset source, use, or exchange transaction or as not applicable $($NA$).$