Indicate how this event affects the accounting equation. Use the following letters to record your answer in the box shown below each element. If an event increases one account and decreases another account within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NANorth Company issued a note to purchase a building.
$\quad $ $\quad $ $\quad $ $\quad $$\text { Balance Sheet }$
$\text { Assets }=\text { Liabilities }+\quad \text { Stockholders' Ecuity }$

Question

Indicate how this event affects the accounting equation. Use the following letters to record your answer in the box shown below each element. If an event increases one account and decreases another account within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NANorth Company issued a note to purchase a building.
 $\quad $ $\quad $ $\quad $ $\quad $$\text { Balance Sheet }$
$\text { Assets }=\text { Liabilities }+\quad \text { Stockholders' Ecuity }$

Quizplus · Accepted Answer

The Answer of Indicate how this event affects the accounting equation. Use the following letters to record your answer in the box shown below each element. If an event increases one account and decreases another account within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NANorth Company issued a note to purchase a building.
 $\quad $ $\quad $ $\quad $ $\quad $$\text { Balance Sheet }$
$\text { Assets }=\text { Liabilities }+\quad \text { Stockholders' Ecuity }$

Indicate How This Event Affects the Accounting Equation \quad \quad

Indicate How This Event Affects the Accounting Equation $\quad$ $\quad$