Identify each event as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects the financial statements by placing a + for increase, for decrease, or NA for not affected under each of the components in the following statements model. Assume the use of the perpetual inventory system. With your answers, you need to explain your reasoning and how you solved the problem

Bali Sales Company experienced the following events:

6. Sold merchandise inventory on account. Label the revenue recognition 6a and the expense

recognition 6b.

7. Paid cash for selling and administrative expenses.

8. Paid cash for transportation-in.

9. Collected cash from accounts receivable.

10. Paid cash for transportation-out.