Indicate how each event affects thefinancial statements. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA.You do not need to enter dollar amounts
Jim Caldwell and Pam Ennis, both CPAs, began their new partnership by each contributing $50,000 to their business.

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The Answer of Indicate how each event affects thefinancial statements. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA.You do not need to enter dollar amounts
Jim Caldwell and Pam Ennis, both CPAs, began their new partnership by each contributing $50,000 to their business.

Indicate How Each Event Affects Thefinancial Statements