The following events pertain to Union Inc.: 1. Acquired ($ 8,000) cash from the issue of common

Question:

The following events pertain to Union Inc.:
1. Acquired $\$ 8,000$ cash from the issue of common stock.
2. Provided $\$ 9,000$ of services on account.
3. Provided services for $\$ 3,000$ cash.
4. Received $\$ 2,500$ cash in advance for services to be performed in the future.
5. Collected $\$ 5,600$ cash from the account receivable created in Event 2.
6. Paid $\$ 1,100$ for cash expenses.
7. Performed $\$ 1,400$ of the services agreed to in Event 4.
8. Incurred $\$ 2,800$ of expenses on account.
9. Paid $\$ 2,400$ cash in advance for one-year contract to rent office space.
10. Paid $\$ 2,200$ cash on the account payable created in Event 8 .
11. Paid a $\$ 1,500$ cash dividend to the stockholders.
12. Recognized rent expense for nine months' use of office space acquired in Event 9.
Required
Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event. The first event is recorded as an example.

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