A)Create a Horizontal acct model from images below.

1. Opened a bank account with previously earned (retained earnings) money for $25,000

2. Bought a house by paying $25,000 down in cash and taking a loan of $225,000

3. Bought a vehicle by paying $800 down in cash and taking a loan of $32,200

4. Worked (performed services) to clients for $75,000 cash

5. Paid for materials used (expense) in the services performed with cash for $25,000

6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500

7. During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash

8. During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash

9. During the year, you paid $18,500 for personal-related expenses in cash

10. At the end of the year, you purchased $3,250 in gifts (expenses) for others that you paid for with a new credit card

Please show work to help me understand please and thank you.

Accounts Receivable (A/R) Event Cash + + House Vehicles Accounts Payable + Unearned Revenue + Note Payable Common Stock + Retained Earnings 1 2 3 4 5 6 7 8 9 10 bbc bac Revenue Expenses Net Income Cash Flow Cash Flow Activity