Question: Please, help me out; I had issue solving these questions I tried but still nothing... The following events were completed by Dana's Imports in September,

 Please, help me out; I had issue solving these questions Itried but still nothing... The following events were completed by Dana's Importsin September, Year 1 : Sept. 1 Acquired $43,960 cash from the

Please, help me out; I had issue solving these questions I tried but still nothing...

The following events were completed by Dana's Imports in September, Year 1 : Sept. 1 Acquired $43,960 cash from the issue of common stock. 1 Purchased $29,500 of merchandise on account with terms 2/10,n/30. 5 Paid $700 cash for freight to obtain merchandise purchased on September 1. 8 Sold merchandise that cost $9,750 to customers for $16,00 on account, with terms 2/10,n/30. 8 Returned $750 of defective merchandise from the September 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on September 1. 20 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period. 36 Paid $2,850 cash for selling expenses. Required a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity. FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. The first event is recorded as an example. b. Prepare an income statement for the month ending September 30 . c. Prepare a statement of cash flows for the month ending September 30 . A Answer is not complete. Complete this question by entering your answers in the tabs below. and cash outflows with a minus sign.) Problem 3-22A (Algo) Effect of purchase returns and allowances and purchase dlscounts on the flnanclal statements: Perpetual system LO 3-2, 3-3 The following events were completed by Dana's Imports in September, Year 1: Sept. 1 Acquired $43,60 cash from the issue of common stock. 1 Purchased $29,560 of merchandise on account with terms 2/10,n/30. 5 Paid $708 cash for freight to obtain merchandise purchased on September 1. 8 Sold merchandise that cost $9,750 to customers for $16, on account, with terms 2/10,n/3. 8 Returned $750 of defective merchandise from the September 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on September 1. 20 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period. 30 Paid $2,850 cash for selling expenses. Requlred a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, for investment activity. FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. The first event is recorded as an example. b. Prepare an income statement for the month ending September 30 . c. Prepare a statement of cash flows for the month ending September 30 . Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ending September 30 . The following events were completed by Dana's Imports in September, Year 1: Sept. 1 Acquired $43,60 cash from the issue of common stock. 1 Purchased $29,56 of merchandise on account with terms 2/10,n/30. 5 Paid $700 cash for freight to obtain merchandise purchased on September 1. 8 Sold merchandise that cost $9,750 to customers for $16,00 on account, with terms 2/10,n/30. 8 Returned $750 of defective merchandise from the September 1 purchase to the supplier. 18 Paid cash for the balance due on the merchandise purchased on September 1. 28 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period. 30 Paid $2,850 cash for selling expenses. Required a. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, for investment activity. FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. The first event is recorded as an example. b. Prepare an income statement for the month ending September 30 . c. Prepare a statement of cash flows for the month ending September 30. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for the month ending September 30 . (Cash outflows should be indicated with a minus sign.)

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