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Exercise 4-9A (Static) Determining the effect of inventory transactions on the horizontal statements model: Perpetual system LO 4-1, 4-2, 4-3, 4-4 Bali Sales Company experienced the following events: 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4. Sold merchandise inventory for cash. 5. Paid cash on accounts payable not within the discount period. 6. Sold merchandise inventory on account. 7. Paid cash for selting and administrative expenses 8. Paid cash for transportation-in. 9. Collected cash from accounts recelvable. 10. Paid cash for trensportation-out. Required 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 + for increase, - for decrease, or + +/-for increases and decreases under each of the components in the following statements model. Also in the Statement of Cash Flows column, use the letters. OA to designate operating activity, IA for investing octivity, and FA for financing octivity. Assume the use of the perpetual inventory system. The first event is: recorded as an example. (Not all cells require input.) (8) Answer is not complete. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{15}{|c|}{ BALI SALES COMPANY } \\ \hline \multicolumn{15}{|c|}{ Horizontal Statements Model } \\ \hline \begin{tabular}{l} Event \\ No. \end{tabular} & \begin{tabular}{l} Event \\ Type \end{tabular} & & Assets & = & Llabititias & + & \begin{tabular}{l} Stockholdors \\ Equity \end{tabular} & Rovenue & - & Apense & = & \begin{tabular}{c} Net \\ Income \end{tabular} & Cayh F & Fows \\ \hline 1. & AE & & +i= & = & x & & & & - & & = & & & OA \\ \hline 2. & AS & 0 & +0 & & + & + & & & - & & = & & & \\ \hline 3. & AU & 0 & =0 & = & =0 & + & 3 & & - & & = & & & \\ \hline 4a & AS & & +0 & e & & + & +0 & +0 & - & & = & 1+0 & & OAO \\ \hline 4b. & AU & 0 & -0 & n & a & - & 0 & & = & 0 & = & =0 & & \\ \hline 5. & AU & 0 & -0 & = & =0 & + & E & & - & & = & 1= & & OAQ \\ \hline 6a. & AS & 0 & +0 & . & & + & 0 & +0 & - & & = & .0 & & \\ \hline 6b. & AU & 0 & -0 & * & & + & =0 & & = & 0 & = & -0 & & \\ \hline 7. & AU & 0 & -0 & E & & + & 0 & & = & 0 & = & -0 & & OAO \\ \hline a. & AE & 0 & +10 & = & & + & - & & - & & . & at & & OAO \\ \hline 9. & AE & 0 & +0 & = & & + & & & -1 & = & & & & on 0 \\ \hline 10. & AU & 0 & =0 & = & & + & 0 & 3 & 1 & 1+0 & 1= & & & OAB \\ \hline \end{tabular}