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Classifying events as asset source, use, or exchange Nevada Company experienced the following events during...

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Accounting

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Classifying events as asset source, use, or exchange Nevada Company experienced the following events during its first year of operations: Acquired an additional $1,000 cash from the issue of common stock. Paid $2, 400 cash for utilities expense. Paid a $1, 500 cash dividend to the stockholders. Provided additional services for $6,000 cash. Purchased additional land for $2, 500 cash. The market value of the land was determined to be $24,000 at the end of the period. Acquired $16,000 cash from the issue of common stock. Paid $3, 500 cash for salary expense. Borrowed $10,000 cash from New South Bank. Paid $6,000 cash to purchase land. Provided boarding services for $10, 500 cash. Required Classify each event as an asset source, use, or exchange transaction or as not applicable

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