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please fill in the blanks, I like asap The following events were completed by Dana's Imports in September 2018: Sept. 1 Acquired $42,000 cash from
please fill in the blanks, I like asap
The following events were completed by Dana's Imports in September 2018: Sept. 1 Acquired $42,000 cash from the issue of common stock. Purchased $29,e0e of merchandise on account with terms 2/10, n/30 September 1. account, with terms 2/1e, n/30. purchase to the supplier. September 1. of the account balances, but not within the discount period 5 Paid $550 cash for freight to obtain merchandise purchased on 8 Sold merchandise that cost $9,5ee to customers for $15,5ee on 8 Returned $700 of defective merchandise from the September 1 10 Paid cash for the balance due on the merchandise purchased on 20 Received cash from customers of September 8 sale in settlement 30 Paid $2,90 cash for selling expenses. Required a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. Thefirst event is recorded as an example. b. Prepare an income statement for the month ending September 30. c. Prepare a statement of cash flows for the month ending September 30Step by Step Solution
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