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nent 4 Seved 3. Sold Inventory costing $9,000 for $20,000 cash, 4. Paid $1,500 for advertising expense. Required Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for activity. FA for financing activity, and NC for net change in cash. (Enter any decreases to account balances and cash outf minus sign. Not all cells in the Statement of Cash Flows" column may require an input leave cells blank if there is no corresponding input needed.) Assets MILO CLOTHING Effect of Events on the Financial Statements Stockholders' Equity Common Retained Revenue Expenses - Stock Earnings 30,000 Event Net Income Statement of Cash Flows + 1 2 3a Cash + Inventory 30,000 (15,000) 15,000 20,000 + 19.000) (1,500) 33,500 6,000 + 20,000 = 20.000 36 20,000 (9,0001 (1.500) 9.500 20.000 (9.000) (1 500) 9,500 9,000 1,500 10,500 4 (1.500) 18.500 Tot 30,000 20.000 NC e to search o EP 3 5 6 7 8 9 3. Sold inventory costing $9.000 for $20,000 cash. 4. Paid $1.500 for advertising expense. Required Record the events in a horizontal statement model in the Cash Flow column, use OA to designate operating activity. IA for investment activity. FA for financing activity, and NC for net change in cash. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column may require an input leave cells blank if there is no corresponding input needed.) Answer is not complete. MILO CLOTHING Effect of Events on the Financial Statements Stockholders' Equity Common Retained Revenue Expenses Stock Earnings 30,000 Assets Net Income Statement of Cash Flows Event Cash Inventory 1 30.000 (15,0001 - 20 000 2 Ja 15.000 OA OA 20,000 + 10.000) 20.000 19.000) (1.5001 9.500 20 000 20,000 10 0001 (1500) (1 500 9.500 18 500 9000 1 500 10.500 4 0 (1.500) 33.500 OA NC Tot 5 000 30,000 20,000 . earch O O 0 C 8 R T . F G H J . Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple 3. Sold inventory costing $9.000 for $20,000 cash, 4. Pald $1.500 for advertising expenses Required Record the events in a horizontal statement model in the Cash Flow column, use OA to designate operating activity, IA for investment activity. FA for financing activity, and NC for net change in cash. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column may require an input leave cells blank if there is no corresponding input needed.) Answer is not complete. MLO CLOTHING Effect of Events on the Financial Statements Stockholders'Equity Common Revenue Retained Expenses - Stock Earnings 30 000 Assets Net Income Statement of Cash Flows Cash Inventory 2 30,000 15.000 20.000 15 000 20.000 20.000 20.000 19.000 | 10.000) 9000 20.000 09.00 (1 500 9500 1.500 (1.5001 33.500 115001 (1500 900 18500 one NC 6.000 30.000 2000 Te to search O o 6 8 F H J K V B N M