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.Use only one letter for each element.You do not need to enter amounts.

-On January 1,2016,Kirkland Co.issued $200,000 of bonds payable at 101 ½.Indicate the effects of issuing these bonds.

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.Use only one letter for each element.You do not need to enter amounts.
 
-On January 1,2016,Kirkland Co.issued $200,000 of bonds payable at 101 ½.Indicate the effects of issuing these bonds.

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The Answer of 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.Use only one letter for each element.You do not need to enter amounts.
 
-On January 1,2016,Kirkland Co.issued $200,000 of bonds payable at 101 ½.Indicate the effects of issuing these bonds.

Indicate How Each Event Affects the Elements of Financial Statements