Nevada Company experienced the following events during its first year of operations 1 Acquired an additional 1 000 cash from the

Question

Nevada Company experienced the following events during its first year of operations 1 Acquired an additional 1 000 cash from the issue of common stock 2 Pald 2 400 cash for utilities expense 3 Pald a 1 500 cash dividend to the stockholders 4 Provided additional services for 6 000 cash 5 Purchased additional land for 2 500 cash 6 The market value of the land was determined to be 24 000 at the end of the accounting period 7 Acquired 16 000 cash from the issue of common stock 8 Pald 3 500 cash for salary expense 9 Borrowed 10 000 cash from New South Bank 10 Pald 6 000 cash to purchase land 11 Provided boarding services for 10 500 cash Required Classify each event as an asset source use or exchange transaction Leave blank If not applicable Event 1 2 3 4 5 6 7 8 Classification

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