Indicate how each event affects the elements of financial statements. 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 equally within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter dollar amounts.
Increase = I Decrease = D Not Affected = NA
Perez Company paid $220,000 cash for salaries expense.
Definitions:
DSM-IV
The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a publication by the American Psychiatric Association that classifies mental disorders.
Eating Disorders Not Otherwise Specified
A category of eating disorders that do not meet the specific criteria for anorexia nervosa or bulimia nervosa but still present significant eating-related issues.
Bulimia Nervosa
A disorder involving cycles of overeating followed by actions to avoid gaining weight, including self-induced vomiting.
Racial Groups
Categories of humans based on shared physical or social qualities into which society has divided people.
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