Exercise A Static Classifying events as asset source, use, or exchange LO
Nevada Companies experienced the following events during its first year of operations:
Acquired $ cash from the issue of common stock.
Paid $ cash for utilities expense.
Paid a $ cash dividend to the stockholders.
Provided boarding services for $ cash.
Purchased additional land for $ cash.
Determined the market value of the land to be $ at the end of the accounting period.
Acquired an additional $ cash from the issue of common stock.
Paid $ cash for salary expense.
Borrowed $ cash from New South Bank.
Paid $ cash to purchase land.
Provided additional boarding services for $ cash.
Required
Classify each event as an asset source, use, or exchange transaction or as not applicable NA
