Jarvis Company experienced the following events during 2012 (all were cash events):
1. issued a note
2. purchased land
3. provided services to customers
4. repaid part of the note in event 1
5. paid operating expenses
6. paid a dividend to stockholders
7. issued common stock
Required:
Indicate how each of these events affects the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for no effect under each of the components of the accounting equation. The first is done for you as an example.

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The Answer of Jarvis Company experienced the following events during 2012 (all were cash events):
1. issued a note
2. purchased land
3. provided services to customers
4. repaid part of the note in event 1
5. paid operating expenses
6. paid a dividend to stockholders
7. issued common stock
Required:
Indicate how each of these events affects the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for no effect under each of the components of the accounting equation. The first is done for you as an example.

Jarvis Company Experienced the Following Events During 2012 (All Were