Montgomery Company Experienced the Following Events During Year 1 (All

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Montgomery Company experienced the following events during Year 1 (all were cash events):Issued a notePaid operating expensesIssued common stockProvided services to customersRepaid part of the note in event number 1Paid dividends to stockholdersRequired:
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 not affected under each of the components of the accounting equation. Use only one item of entry in each column. The first event is done for you as an example.