Businesses using the allowance method for the recognition of uncollectible accounts expense commonly experience four accounting events:

Recognition of uncollectible accounts expense through a year$-$end adjusting entry.

Write$-$off of uncollectible accounts.

Recognition of revenue on account.

Collection of cash from accounts receivable.

Required

Show the effect of each event on the elements of the financial statements, using a horizontal statements model. In the Statement of Cash Flows column, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ The first transaction is entered as an example.