please help me fill in the incorrect spots. that is the only thing stopping me...
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Accounting
please help me fill in the incorrect spots. that is the only thing stopping me from having the rest of the charts done. if possible can I get explainations of how you got the answers for the incorrect responses.
Problem 3-22A (Algo) Effect of purchase returns and allowances and purchase discounts on the financial statements: Perpetual system LO 3-1, 3-2, 3-3 The following events were completed by Dana's imports in September, Year 1 septenber 1 Acquired 544,000 cash fron the issue of comhon stock. September 1 Purchased 530,000 of nerchandise on account with teras 2/10,A/33. september 5 Pald see cash for freight to obtain nerchandise purchased on septenber 1 . september B sold nerchandise that cost $10,000 to custosers for 316,500 on account, with terns 2/10, n/30. septenber 8 feturned swee of defective nerchandise fron the septesber 1 purchase to the supplier. Septenber 1e Paid cash for the balance due on the serchandise purchased on septenber 1. septenber 20. Recelved cash fron custoeers of septenter s sale in settlenent of the account balances, but not within the discount period. septeaber 20 Pald 52,950 cash for selling expenses. Reculred: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating octivities (OA), Investing activites (AA), or financing activmes (FA). 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 flovis for the month ending September 30 Cemplete this question by entering your anvers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ending September 30 . Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for the month ending September 30 . Note: Cash outflows should be indicated with a minus sign
please help me fill in the incorrect spots. that is the only thing stopping me from having the rest of the charts done. if possible can I get explainations of how you got the answers for the incorrect responses.




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