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Show the effect of these transactions on the financial statements using a horizontal statements model....

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Accounting

Show the effect of these transactions on the financial statements using a horizontal statements model. Indicate whether the event increases, decreases, or increases and decreases each element of the financial statements. In the Statement of Cash Flows column, designate the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first transaction has been recorded as an example.
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RIPLEY COMPANY
Horizontal Statements Model
Event Balance Sheet Income Statement Statement of Cash Flows
Assets = Liabilities + Stockholders' Equity Revenue Expenses = Net Income
1. Increase = Increase += Increase FA
2.=+=
3.=+=
4.=+=
5a.=+=
5b.=+=
6.=+=
7.=+=
8.=+=

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