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Record the given transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the
Record the given transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA), and leave the cell blank if there is no effect. Do not round intermediate calculations and round your answers to the nearest whole dollar amounts. Not all cells will require entry.) Show less A Balance Sheet OZARK SALES Horizontal Statements Model Income Statement Event Assets Liabilities + Stockholders' Equity No. Cash + Merchandise Inventory Accounts Payable + Sales Tax + Payable Warranty Payable + Interest Payable + Notes Payable + Common Stock + Retained Earnings Revenue 1. 49,500 + = + + + + + 49,500+ Expense = Net Income Statement of Cash Flows |= 49,500 FA 2. + 177,500 = 177,500+ + + + + + = 3a. 204,370 + |= + 13,370 + + + + + 191,000 191,000 = OA 3b. 4. + + (116,000) = + + + + + + (116,000) = + + 9,550 + + + + (9,550) 116,000 = 9,550 = (118,000) 5. + = 8. 20,500 + = + + + + + + + = OA + + + 20,500 + + = 20,500 FA 7. (5.500) + = + + (5.500) + + + + = (5.500) OA 8. (54,000) + = + + + + + + (54,000) - 54,000 = (54,000) (54,000) OA 9. (124,500) + = (124,500) + + + + + + = (124,500) OA 10. + |+ + + 410+ + + (410) |= Bal 90,370 + 61,500 |= 53,000 + 13,370 + 4,050 + 410 + 20,500 49,500 + 11,040 191,000 179,550 |= (410) - (170,410) (114,000)
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