Classify each of the following events as an asset source (designate as "AS"), asset use (designate as "AU"), asset exchange (designate as "AX"), or not an asset source (designate as "NA").
________ 1)Borrowed cash from the bank________ 2)Issued stock for cash________ 3)Purchased land for cash________ 4)Performed services and collected cash________ 5)Paid cash for operating expense________ 6)Purchased equipment for cash________ 7)Paid dividends to stockholders________ 8)Repaid the bank loan with cash

Question

Quizplus · Accepted Answer

The Answer of Classify each of the following events as an asset source (designate as "AS"), asset use (designate as "AU"), asset exchange (designate as "AX"), or not an asset source (designate as "NA").
________ 1)Borrowed cash from the bank________ 2)Issued stock for cash________ 3)Purchased land for cash________ 4)Performed services and collected cash________ 5)Paid cash for operating expense________ 6)Purchased equipment for cash________ 7)Paid dividends to stockholders________ 8)Repaid the bank loan with cash

Classify Each of the Following Events as an Asset Source