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.

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

Question

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

Quizplus · Accepted Answer

The Answer is (N)(N)(N)(N)(N)(N)(D)

Indicate How Each Event Affects the Elements of Financial Statements