Required

Identify each of the following independent transactions as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects assets, liabilities, stockholders equity, net income, and cash flow by placing a + for increase, - for decrease, or NA for not affected under each of the categories. The first event is recorded as an example.

a.	Paid cash for land.
b.	Sold merchandise at a price above cost. Accepted payment by credit card. The credit card company charges a service fee. The receipts have not yet been forwarded to the credit card company.
c.	Submitted receipts to the credit card company (see b above) and collected cash.
d.	Recovered an uncollectible account that was previously written off (assume direct write-off method was used).
e.	Provided services for cash.
f.	Paid cash for other operating expenses.
g.	Paid cash for salaries expense.
h.	Loaned Carl Maddox cash. The loan had a 5 percent interest rate and a one-year term to maturity.
i.	Paid cash to creditors on accounts payable.
j.	Provided services on account.
k.	Sold land for cash at its cost.
l.	Paid cash to satisfy salaries payable.
m.	Accrued three months' interest on the note receivable (see h above).
n.	Collected cash from customers paying their accounts.
o.	Wrote off an uncollectible account (use allowance method).

Event	Type of Event	Assets	Liabilities	Common Stock	Retained Earnings	Net Income	Cash Flow
a.	AE	+/-	NA	NA	NA	NA	-
b1.	(Click to select)AEASAUCE	(Click to select)+-+/-NA	(Click to select)+-+/-NA	(Click to select)-NA+/-+	(Click to select)+-NA+/-	(Click to select)+-+/-NA	(Click to select)-NA++/-
b2.	(Click to select)CEAEAUAS	(Click to select)-+NA+/-	(Click to select)NA++/--	(Click to select)+NA-+/-	(Click to select)+NA+/--	(Click to select)++/-NA-	(Click to select)-+/-+NA
c.	(Click to select)CEAUASAE	(Click to select)+NA+/--	(Click to select)-NA++/-	(Click to select)NA-++/-	(Click to select)NA+/-+-	(Click to select)-+NA+/-	(Click to select)+/-+-NA
d.	(Click to select)CEASAUAE	(Click to select)+-NA+/-	(Click to select)-+/-+NA	(Click to select)+/-+NA-	(Click to select)NA++/--	(Click to select)+-+/-NA	(Click to select)NA++/--
e.	(Click to select)AUCEASAE	(Click to select)+/-+NA-	(Click to select)+/-+NA-	(Click to select)-+/-+NA	(Click to select)+/--NA+	(Click to select)++/-NA-	(Click to select)++/-NA-
f.	(Click to select)CEAEASAU	(Click to select)+/-+-NA	(Click to select)-++/-NA	(Click to select)+/-+NA-	(Click to select)+-NA+/-	(Click to select)++/--NA	(Click to select)NA-++/-
g.	(Click to select)CEAEASAU	(Click to select)NA++/--	(Click to select)++/-NA-	(Click to select)+/--+NA	(Click to select)-+NA+/-	(Click to select)+/-+NA-	(Click to select)+/--NA+
h.	(Click to select)ASCEAUAE	(Click to select)+/--+NA	(Click to select)-++/-NA	(Click to select)+/-+-NA	(Click to select)-NA+/-+	(Click to select)+/--NA+	(Click to select)NA+/-+-
i.	(Click to select)ASCEAEAU	(Click to select)++/-NA-	(Click to select)++/-NA-	(Click to select)NA-++/-	(Click to select)NA+/-+-	(Click to select)++/--NA	(Click to select)+/-NA-+
j.	(Click to select)AECEASAU	(Click to select)-++/-NA	(Click to select)NA+/--+	(Click to select)NA+/-+-	(Click to select)-+NA+/-	(Click to select)+NA+/--	(Click to select)+NA-+/-
k.	(Click to select)AUCEAEAS	(Click to select)-NA+/-+	(Click to select)+NA-+/-	(Click to select)+/--+NA	(Click to select)-+NA+/-	(Click to select)NA-++/-	(Click to select)+/-+NA-
l.	(Click to select)AUCEAEAS	(Click to select)NA+-+/-	(Click to select)-++/-NA	(Click to select)NA-++/-	(Click to select)NA+/-+-	(Click to select)+/--+NA	(Click to select)NA+/-+-
m.	(Click to select)ASCEAUAE	(Click to select)NA+/-+-	(Click to select)NA+/--+	(Click to select)++/--NA	(Click to select)NA++/--	(Click to select)-+/-+NA	(Click to select)NA++/--
n.	(Click to select)AUASCEAE	(Click to select)++/-NA-	(Click to select)+NA+/--	(Click to select)-NA+/-+	(Click to select)++/-NA-	(Click to select)+/-+NA-	(Click to select)NA+-+/-
o.	(Click to select)ASAUAECE	(Click to select)+-+/-NA	(Click to select)+-NA+/-	(Click to select)NA++/--	(Click to select)+-+/-NA	(Click to select)+-+/-NA	(Click to select)-NA++/-
b1 recognizes sales revenue, b2 recognizes cost of goods sold.