The preceding 13 different accounting events are presented in general journal format. Use a horizontal statements model

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The preceding 13 different accounting events are presented in general journal format. Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (+), decreases (−), or does not affect (NA) each element of the financial statements. Also, in the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, and FA for financing activity. The first event is recorded as an example.

Event No. Account Title Debit Credit 1. Cash XXX Common Stock XXX 2. Prepaid Rent XXX Cash XXX 3. Accounts Receivable XX

Balance Sheet Income Statement Statement of Cash Assets Llab. Stk. Equlty Exp. = Net Inc. Rev. Flows NA NA NA NA + FA

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