apter 3 Assessment 1 4 bints 8 01:57:31 References Event Beg. bal. 1 2a. 2b. 3. 4 5 End. bal Cash Check my work Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financ the element is not affected by the event, leave the cell blank. (Not every cell will require entry. Enter any decreases to account balances and cash outflows v 22,500 + + + + + + + $ 41,500 + Assets Accounts Receivable $ + + + + + + + 0+ Balance Sheet Inventory $ HARDY MERCHANDISING COMPANY Effect of Events on the Financial Statements 0= Liabilities + Stockholders' Equity Accounts Payable Retained Earnings $ + + + + Saved + + 0+ Common Stock 22,500+ + + + + $ 22,500 + $ 0 Revenue $ (Ren & Income Statement 0 Expenses $ = = 0 = Net Income $ Req B to E > Help 0 Save & Exit Statement of Cash Flows $ Submit 0

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