For each of the following five transactions, identify the type of event as asset source (AS),...

 

  

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For each of the following five transactions, identify the type of event as asset source (AS), asset use (AU), asset exchange (AX), or claims exchange (CX). Also, indicate whether the transaction results in an Increase (0. Decrease (D), or No Impact (N) to each of the balance sheet components/elements. Your responses should be made after consideration of the impact of closing entries at the end of the period. (20 points) 1) Debited unearned revenue and credited consulting revenue. 2) Debited cash and credited notes payable. 3) Debited accounts receivable and credited sales revenue. 4) Debited rent expense and credited prepaid rent. S) Debited salaries expense and credited salaries payable. Event 1 Transaction Type (Select) Event 1 Assets 1Select) Event 1 Liabilities I Setect) Event 1 Common Stock Select) Event 1 Retained Earmings 1Select| Event 2 Transaction Type Select) Event 2 Assets [ Select] Event 2 Liabilities Select) Event 2 Common Stock ISelect Event 2 Retained Earnings 1Select] Event 3 Transaction Type Select] Event 3 Assets 1 Select) Event 3 Liabilities ( Select ] Event 3 Common Stock [Select] Event 3 Retained Earnings (Select] Event 4 Transaction Type (Select] Event 4 Assets I Select Event 4 Liabilities ( Select) Event 4 Common Stock ISelect] Event 4 Retained Earnings ISelect] Event 5 Transaction Type ( Select] Event 5 Assets ISelect] Event 5 Liabilities ( Select) Event 5 Common Stock ISelcct] Event 5 Retained Earnings ISolect For each of the following five transactions, identify the type of event as asset source (AS), asset use (AU), asset exchange (AX), or claims exchange (CX). Also, indicate whether the transaction results in an Increase (0. Decrease (D), or No Impact (N) to each of the balance sheet components/elements. Your responses should be made after consideration of the impact of closing entries at the end of the period. (20 points) 1) Debited unearned revenue and credited consulting revenue. 2) Debited cash and credited notes payable. 3) Debited accounts receivable and credited sales revenue. 4) Debited rent expense and credited prepaid rent. S) Debited salaries expense and credited salaries payable. Event 1 Transaction Type (Select) Event 1 Assets 1Select) Event 1 Liabilities I Setect) Event 1 Common Stock Select) Event 1 Retained Earmings 1Select| Event 2 Transaction Type Select) Event 2 Assets [ Select] Event 2 Liabilities Select) Event 2 Common Stock ISelect Event 2 Retained Earnings 1Select] Event 3 Transaction Type Select] Event 3 Assets 1 Select) Event 3 Liabilities ( Select ] Event 3 Common Stock [Select] Event 3 Retained Earnings (Select] Event 4 Transaction Type (Select] Event 4 Assets I Select Event 4 Liabilities ( Select) Event 4 Common Stock ISelect] Event 4 Retained Earnings ISelect] Event 5 Transaction Type ( Select] Event 5 Assets ISelect] Event 5 Liabilities ( Select) Event 5 Common Stock ISelcct] Event 5 Retained Earnings ISolect