Classifying events as asset source, use, or e x change Nevada Company experienced the following events during its first year of operations:
Acquired $1,000 cash from the issue of common stock.
Paid $24 cash for utilities expense.
Paid a $1,500 cash dividend to the stockholders.
Provided boarding services for $6,000 cash.
Purchased additional land for $2,500 cash.
Determined the market value of the land to be $24,000 at the end of the accounting period.
Acquired an additional $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 additional boarding services for $10,500 cash.
Required
Classify each event as an asset source, use, or exchange transaction or as not applicable.