Business, 11.02.2021 21:10 ruth4941

Bali Sales Company experienced the following events: Purchased merchandise inventory for cash.
Purchased merchandise inventory on account.
Returned merchandise purchased on account.
Sold merchandise inventory for cash. Label the revenue recognition 4a and the expense recognition 4b.
Paid cash on accounts payable not within the discount period.
Sold merchandise inventory on account. Label the revenue recognition 6a and the expense recognition 6b.
Paid cash for selling and administrative expenses.
Paid cash for transportation-in.
Collected cash from accounts receivable.
Paid cash for transportation-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 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. The first event is recorded as an example.
Event Event Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flow
Type Type
1 AE + - = NA + NA NA - NA = NA -0A

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Answer from: solphiafischer

Bali Sales Company

Identifying events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE):

Event Type Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flow Type

1. AE + - = NA + NA NA - NA = NA -0A

2. CE + = + + NA NA - NA = NA -OA

3. CE - = - + NA NA - NA = NA +OA

4a. AS + = NA + + + - NA = + +OA

4b. AU - = NA + - NA - + = - -OA

5. CE - = - + NA NA - NA = NA -OA

6a. AS + = NA + + + - NA = + +OA

6b. AU - = NA + - NA - + = - -OA

7. AU - = NA + - NA - - = - -OA

8. AU - = NA + - NA - - = - -OA

9. AE +- = NA + NA NA - NA = NA -OA

10. AU - = NA + - NA - - = - -OA

Explanation:

All the events are classified under operating activities for the cash flow type. There are no investing activities (IA) nor financing activities (FA) in any of the events listed. The workings above show the accounting equation in operation as it affects elements of the financial statements.

Answer from: Quest

start by isolating the variable on one side by adding 43w^2 to both sides. the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i. the square root of 5 remains √5

the answer is i/√5.

hope this

Answer from: Quest

none

explanation:

we're are the selections to pick from?

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Bali Sales Company experienced the following events: Purchased merchandise inventory for cash.

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