CAN YOU HELP ME THE ONES THAT ARE WRONG. THE OPTIONS ARE (+,- OR BOTH)

The Chair Company provides a 120-day parts-and-labor warranty on all merchandise it sells. The Chair Company estimates the warranty expense for the current period to be $1,280. During this period, a customer returned a product that cost $960 to repair Required a. Show the effects of these transactions on the financial statements using a horizontal statements model. (Use a + to indicate increase or a - for decrease. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (1A), or financing activity (FA). Columns for events that have no effect on any of the elements should be left blank.) (Note: Not all cells will require an input.) & Answer is not complete. CHAIR COMPANY Horizontal Statements Model Income Statement Balance Sheet Liabilities - Statement of Cash Flows Revenue - Expense Net Income Event Assets Stockholder's Equity = X- Estimates x - - = OA + Paid Bi Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of operation: 1. Earned $1.900 of cash revenue. 2. Borrowed $2,400 cash from the bank. 3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1. had a one-year term and an 6 percent annual interest rate. Required a. What is the amount of interest payable at December 31, Year 1? b. What is the amount of interest expense in Year 12 c. What is the amount of interest paid in Year 12 d. Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (I) or decreases (D) each element of the financial statements. In the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (1A) or financing activities (FA). Columns for events that have no effect on any of the elements should be left blank. The first transaction has been recorded as an example, Reg A to Reg D What is the amount of interest payable at December 31, Year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) What is the amount of interest expense in Year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) What is the amount of interest paid in Year 1? a b. C interest payable Interest expense Amount of cash paid Reg A to C Reg D > Reg A to C Reg D Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (I) or decreases (D) each element of the financial statements. In the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA) or financing activities (FA). Columns for events that have no effect on any of the elements should be left blank. The first transaction has been recorded as an example. (Note: Not all cells will require an input.) Show less DARBY COMPANY Statements Model for Year 1 Balance Sheet Income Statement Event Assets Liabilities Stockholders' Equity Revenue - Expense - Net Income Statement of Cash Flows Notes Cash Interest Payable Common Stock Retained Earnings Payable - Reg A to C