Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts.

(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element is offset by a decrease in that same element.)

Increase = I Decrease = D No Effect = NA

a) Walker Co. issued common stock for $150,000 cash.

Assets	Liabilities	Equity	Revenues	Expenses	Net Income	Stmt of Cash Flows

2) Nguyen Co. borrowed $50,000 cash from Metropolitan Bank.

Assets	Liabilities	Equity	Revenues	Expenses	Net Income	Stmt of Cash Flows

3) Bell Co. provided consulting services for $20,000 cash.

Assets	Liabilities	Equity	Revenues	Expenses	Net Income	Stmt of Cash Flows

4) Pierce Co. paid $40,000 cash to purchase land.

Assets	Liabilities	Equity	Revenues	Expenses	Net Income	Stmt of Cash Flows

5) Perez Co. paid $220,000 cash for salaries expense.

Assets	Liabilities	Equity	Revenues	Expenses	Net Income	Stmt of Cash Flows