Jarvis Company experienced the following events during 2012 (all were cash events):
1. issued a note
2. purchased land
3. provided services to customers
4. repaid part of the note in event 1
5. paid operating expenses
6. paid a dividend to stockholders
7. issued common stock
Required:
Indicate how each of these events affects the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for no effect under each of the components of the accounting equation. The first is done for you as an example. 
Definitions:
Equilibrium Price
The market price at which the quantity of an item demanded by consumers equals the quantity supplied by producers, leading to market stability.
Equilibrium Quantity
The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.
Diagram
A graphical representation used to illustrate relationships between different elements or steps in a process.
Corn-based Product
Goods derived from corn, including food items, biofuels, and industrial products.
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