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Indicate How This Event Affects the Accounting Equation

question 165

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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 = NAEpstein Company paid a $20,000 cash dividend to its stockholders.
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 = NAEpstein Company paid a $20,000 cash dividend to its stockholders.


Definitions:

Lymphatic System

A network of vessels, tissues, and organs that helps to maintain fluid balance, protect against pathogens, and support the immune system.

Nervous System

The part of an organism that coordinates its actions by transmitting signals to and from different parts of its body.

Reproductive System

The system of organs and structures in organisms that work together for the purpose of reproduction.

Endocrine System

The collection of glands that produce hormones to regulate metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

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