14 Event Number Account Title 1 Cash Debit xxx Credit Common stock xxx 0.58 points Prepaid Rent Cash xxx 3 Accounts Receivable xXxXx Service Revenue Cash XXX Unearned Revenue XXX Cash xxx Accounts Receivable 9 Supplies xxx Accounts Payable xxx 7 Salaries Expense xxx Cash xxx Utilities Expense Cash xxx Supplies Expense XXX Supplies 10 Unearned revenue Service revenue xxx 11 Cashi xxx Service Revenue XXX 12 Dividends XXX Cash Supplies Expense Supplies XXX XXX 10 Unearned revenue XXX Service revenue XXX 11 Cash XXX Service Revenue XXX 112 Dividends Cash XXX XXX 13 Rent Expense XXX Prepaid Rent XXX 4 Return to a Required Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. The first event is recorded as an example. (Indicate whether the event increases (+), decreases (-), or increases and decreases (+/-) 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, FA for financing activity, or leave blank for no effect. Not all cells require input.) Answer is not complete. Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholders' Equity Revenue Expenses Net Income Statement of Cash Flows + = = + FA OA O + 9 + 0 + . = 4 OA 0 + OA Event No. Assets 1. + 2 +/- |= 3 . 4 + 5 Q = 6. 3|= . 7. Q = 8 9 10. 11. . 12. . 13. . . 0000000 00 . 0 = " 6 + 4 ..... OA O OA OOA O FA O