1. (1) Acquired cash from the issue of common stock.
2. (2) Provided services for cash.
3. (3) Paid cash for salaries expense.
4. (4) Purchased supplies for cash.
5. (5) Paid in advance for two-year lease on office space.
6. (6) Provided services on account.
7. (7) Recognized expense for prepaid rent that had been used up by the end of the accounting period.
8. (8) Recorded accrued salaries at the end of the accounting period.

b.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 Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, and FA for financing activity. The first event is shown as an example.