Hardin Services Co. experienced the following events in Year 1:
1. Provided services on account.
2. Collected cash for accounts receivable.
3. Attempted to collect an account and, when unsuccessful, wrote off the amount to uncollectible accounts expense.

Required
Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown next. Use + for increase, − for decrease, and NA for not affected. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).

Transcribed Image Text:

Statement of Cash Flows Balance Sheet Income Statement Net Inc. Exp. Event No. Assets = Llab. + Stk. Equlty Rev.