Indicate How Each Event Affects the Elements of Financial Statements $$\text { Increase } = \mathrm { I } \quad\text { Decrease } = \mathrm { D } \quad\text { No Effect } = \mathrm { N }$$

question 20

Short Answer

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. You do not need to enter amounts. $$\text { Increase } = \mathrm { I } \quad\text { Decrease } = \mathrm { D } \quad\text { No Effect } = \mathrm { N }$$
On October 1, 2014, Falls Company loaned $10,000 to a customer for one year at 6% interest. Show the effect of this transaction on Falls' financial statements.

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Definitions:

Reproduction

The biological process through which new individual organisms are produced.

Sexual Behavior

Actions performed by individuals relating to their pursuit of sexual pleasure, mating, and reproduction.

Median Patterns

Statistical measures that represent the middle value in a set of data, often used to understand central tendencies in various contexts.

Normal Sexual Behavior

Sexual activities or behaviors considered typical or acceptable within a culture or society based on current social norms.