please give full explanation

Bali Sales Company experienced the following events: 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4. Sold merchandise inventory for cash. 5. Paid cash on accounts payable not within the discount period. 6. Sold merchandise inventory on account. 7. Paid cash for selling and administrative expenses. 8. Paid cash for transportationin. 9. Collected cash from accounts receivable. 10. Paid cash for transportatiomout. Required Identify each event as asset source {AS}. asset use [AU], asset exchange {PE}, or claims exchange (CE). Also explain how each event affects the nancial statements by placing a + for increase or a for decrease under each of the components in the following statements model. If the event has no affect, leave the cell blank. Assume the use of the perpetual inventory system. The rst event is recorded as an example. [In the Cash Flow column, use the initials 0A to designate operating activity, In for investing activity, and FA for nancing activity. Not every cell will require entry.) BALI SALES COMPANY Horizontal Statements Model Event No. Event Type Assets = Liabilities + Stockholder's Equity Revenue - Expense = Net Income Cash Flows 1. AE +/- + OA 2. S 3. X 4a. S S 4b. 5. S S 6a. S 6b. S S 7. 8. S + S 9 S 10 S