The following events apply to Kate Enterprises:

1. Collected $16,200 cash for services to be performed in the future.

2. Acquired $50,000 cash from the issue of common stock.

3. Paid salaries to employees: $3,500 cash.

4. Paid cash to rent office space for the next 12 months: $12,000.

5. Paid cash of $17,500 for other operating expenses.

6. Paid on accounts payable: $1,752.

7. Paid cash for utilities expense: $804.

8. Recognized $45,000 of service revenue on account.

9. Paid a $2,500 cash dividend to the stockholders.

10. Purchased $3,200 of supplies on account.

11. Received $12,500 cash for services rendered.

12. Recognized $5,200 of accrued salaries expense.

13. Recognized $3,000 of rent expense. Cash had been paid in a prior transaction (see Event 4).

14. Recognized $5,000 of revenue for services performed. Cash had been previously collected (see Event 1).

Required

Identify each event as an asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also identify the account to be debited and the account to be credited when the transaction is recorded. The first event is recorded as an example.