Several events are listed below. Indicate whether each event is an external event that should be recorded as a transaction, an internal event which should be recorded as a transaction, or an event which should not be recorded. Use the following identification codes for your answers:

E - External event to be recorded as a transaction I - Internal event to be recorded as a transaction NR - An event which should NOT be recorded

_____ An order is placed with a supplier for merchandise.

_____ Common stock is issued to investors.

_____ Cash sales are made

. _____ Raw materials are entered into production. _____

Federal income tax returns are prepared by the company's accountant.

_____ Bills are received for utility expenses.

_____ Payment is received from customers to whom merchandise had been sold on credit

. _____ Money collected from cash and credit customers is deposited at a local bank.

Determine whether each of these statements is either as of a point in time or for a period ended

A Point in time

B Period ended

_____ Income Statement

_____ Balance Sheet

_____ Statement of Cash Flows

_____ Statement of Retained Earnings