A) Make a horizontal accounting model with 10 events????

B)Finish with the Financial Statement?????

EVENT LIST

1. 1. Opened bank account, retained earnings at $45,000.

2. 2. Bought Supplies for $1,150 to help start a business.

3. 3. Placed $5000 in common stock, future business affairs ahead.

4. 4. Bought a vehicle with $400 money down, taking a loan of $15,000.

5. 5. Performed services for customers for $50,000.

6. 6. Bought Land for $30,000, taking a $10,000 loan.

7. 7. During the year spent $8,500 on personal affairs.

8. 8. Paid $750 in interest and principle $6,000 on vehicle.

9. 9. Paid 1,000 in interest and principle $8,200

10. 10. Had Credit Card purchases up to $4,700 (expenses) for others that you paid for.

Answer rating: 100% (QA)

Answer Explanation Step 1 IAn income statement is a fina... View the full answer