Survey of Accounting 6th edition by Thomas Edmonds test bank

Event Assets = Liabilities + Equity Revenue − Expense = Net Income Cash Flow
a) 10,000   0   0 0   0   0 10,000 FA
b) (2,000)   0   0 0   0   0 (2,000)
  2,000   0   0 0   0   0 0 IA
c) 8,000   0   8,000 8,000   0   8,000 8,000 OA
d) (6,200)   0   0 0   6,200   (6,200) (6,200)OA
e) (1,000)   0   0 0   0   0 (1,000)FA
References
Essay Difficulty: 2 Medium Learning Objective: 01-10 Record business events using a horizontal
financial statements model.