For Each of the Following Events:
State Whether the Event

question 155

Essay

For each of the following events:
State whether the event increases (INC)or decreases (DEC)owner's capital.If the event does not affect owner's capital,state NE for no effect.
$$\begin{array} { |l | l |} \hline\text { Event } &\text {INC, DEC, NE Owner's Capital } \\\hline \text { Owner contributions of cash to a sole } & \\\text { proprietorship } & \\\hline \text { Amounts earned from delivering } & \\\text { goods or services to customers } & \\\hline \begin{array} { l } \text { Cash paid to acquire land for use in } \\\text { the business } \end{array} & \\\hline\end{array}$$