Effect of events on the accounting equationWaldron Co. experienced the following events du...

Effect of events on the accounting equation

Waldron Co. experienced the following events during 2011.

1.                  Acquired cash from the issue of common stock.

2.                  Provided services to clients for cash.

3.                  Borrowed cash.

4.                  Paid operating expenses with cash.

5.                  Paid a cash dividend to the stockholders.

6.                  Purchased land with cash.

Required

Explain how each of these events affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation. The first event is shown as an example.