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Dale's Business Services experienced the following events during its first year of operations:
1. Acquired $20,000 cash from the issue of common stock. 2. Borrowed $12,000 cash from First Bank. 3. Paid $5,000 cash to purchase land. 4. Received $25,000 cash for providing boarding services.5. Acquired an additional $5,000 cash from the issue of common stock. 6. Purchased additional land for $4,000 cash. 7. Paid $10,000 cash for salary expense. 8. Signed a contract to provide additional services in the future. 9. Paid $1,200 cash for rent expense. 10. Paid a $1,000 cash dividend to the stockholders. 11. Determined the market value of the land to be $18,000 at the end of the accounting period.
Required:
Classify each event as an asset source, use, or exchange transaction or as not applicable (NA).
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