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Can I get some help with this, thank you! Cowboy Ice Cream reported the following events during Year 1 of operation: 1. Acquired $15,000 cash

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Cowboy Ice Cream reported the following events during Year 1 of operation: 1. Acquired $15,000 cash from the issue of common stock. 2. Purchased inventory for $6,600 cash 3. Sold Inventory costing $3.960 for $6,732 cash. 4. Paid 5700 for advertising expense. Required Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank (Not every cell will require entry. Enter any decreases to account balances and cash outflows with a minus sign.) COWBOY ICE CREAM COMPANY Effect of Events on the Financial Statements stockholders' Equity Inventory Common Expenses - Income Assets Net Rovenue Statement of Cash Flow Retained Earning Stock 1 2 30 36 4 Total

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