Accounts payable

• Accounts receivable
• Advertising expense
• Cash
• Common stock
• Consulting revenue
• Cost of goods sold
• Gain on sale of land
• Interest expense
• Interest receivable
• Interest revenue
• Land
• Merchandise inventory
• Miscellaneous expense
• Net sales
• Notes payable
• Rent expense
• Retained earnings
• Salaries expense
• Sales discounts
• Sales returns and allowances
• Transportation-out
• Utilities expense

Record the events in a statements model shown below. (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the account is not affected by the every cell will require entry.) Record the events in a statements model shown below. (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the account is not affected by the every cell will require entry.)