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fill in last columns Thirteen different accounting events are presented in general journal format. Credit Event Number 1 Account Title Cash Common stock Debit XXX
fill in last columns
Thirteen different accounting events are presented in general journal format. Credit Event Number 1 Account Title Cash Common stock Debit XXX XXX XXX 2 Prepaid Rent Cash XXX 3 XXX Accounts Receivable Service Revenue XXX 4 XXX Cash Unearned Revenue XXX 5 XXX Cash Accounts Receivable XXX 6 XXX Supplies Accounts Payable XOX 7 XXX Salaries Expense Cash XXX 8 xxx Utilities Expense Cash XXX 9 XXX Supplies Expense Supplies XXX 10 XXX Unearned revenue Service revenue XXX 11 XXX Cash Service Revenue XXX 12 XXX Dividends Cash XXX 13 XXX Rent Expense Prepaid Rent XOXO OOK 12 Dividends Cash 13 Rent Expense Prepaid Rent 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 (+4) 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.) Horizontal Statements Model Balance Sheet Income Statement Stockholders Liabilities Revenue Expenses Equity Statement of Cash Flows Event No Net Income Assets FA 1 2 + 3 4. 5. + 6 + 7 8 9 10 11 12 13 Step by Step Solution
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