Newly formed Electronics Services Corporation has 100,000 shares of $10 par common stock authorized. On March 1, 2014, Electronics Services issued 20,000 shares of the stock for $12 per share. On May 2 the company issued an additional 30,000 shares for $15 per share. Electronics Services was not affected by other events during 2014.

A. Record the transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). Use NA to indicate that an element was not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.)

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ELECTRONICS SERVICES CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets +Stockholders' Equity Statement of Cash Flow Date Liabilities Common Capital In Paid-in Revenue-Expense Net Income Cash Stock Excess March 01, 2014 May 02, 2014