Identify whether each of the following transactions is an

Last updated: 3/3/2023

Identify whether each of the following transactions is an asset source AS asset use AU asset exchange AE or claims exchange CE Also show the effects of the ovents on the financial statements using the hortzontal statements model Indicate whether the event Increases 1 or decreases D each element of the financial statements If an event increases one account and decreases another account equally within the same element record ID For events that do not effect the financial statement leave the cell blank In the Cash Flows column designate the cash flows as operating activities OA Investing activities IA or financing activities FA For events that do not affect the cash flow leave the coll blank The first two transactions have been recorded as examples Not all cells will require entry a Provided services and collected cash b Purchased supplies on account to be used in the future c Paid cash in advance for one year s rent d Paid cash to purchase land e Pald a cash dividend to the stockholders 1 Recolved cash from the issue of common stock g Paid cash on accounts payable h Collected cash from accounts receivable 1 Received cash advance for services to be provided in the future J Incurred other operating expenses on account k Performed services on account 1 Adjusted books to reflect the amount of propald rent expired during the period m Pald cash for operating expenses n Adjusted the books to record the supplies used during the period o Recorded accrued salartes p Pald cash for salartes accrued at the end of a prior period q Recognized revenue on account earned at the end of the accounting period Event No a b C d e f 9 h Type of Event AS AS Assets 1 Horizontal Statements Model Balance Sheet Stockholders Equity Liabilities Common Retained Stock Earnings 1 Income Statement Revenue Expense Net Income Statement of Cash Flows OA