Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of Required: 1. Prepare the Horizontal model and Journal entry for each of the following transactions. a. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. b. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $960. c. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. d. At January 31 if the initial purchase had been recorded as in c. Indicate the financial statement effect. 2. Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Consider the effects that entries a and b would have on the following: a. Income statement for the month of January? b. Balance sheet at January 31? Result in of Result in of