Classify each of the following events as an asset source (AS),asset use (AU),asset exchange (AX),or not applicable (NA).
_______ 1)Borrowed cash from the bank.
_______ 2)Issued stock for cash.
_______ 3)Invested cash in the common stock of another company.
_______ 4)Performed services and collected cash.
_______ 5)P aid 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 (AS),asset use (AU),asset exchange (AX),or not applicable (NA).
_______ 1)Borrowed cash from the bank.
_______ 2)Issued stock for cash.
_______ 3)Invested cash in the common stock of another company.
_______ 4)Performed services and collected cash.
_______ 5)P aid 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