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
Banks Company performed $5,000 of services for customers on account.
Definitions:
Sleep Needs
The amount of sleep required by an individual to function optimally, which varies by age and individual differences.
Person to Person
Refers to direct interaction or communication between individuals without the intervention of others.
Daytime Nap
A short sleep or rest taken during the day to supplement the main sleep period.
Learned Component
Refers to aspects of behavior or knowledge that are acquired through experience, as opposed to being innate.
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