Chat with us, powered by LiveChat Recording product versus general, selling, and adm - BonPapers

Recording product versus general, selling, and adm

Recording product versus general, selling, and administrative costs in a financial statements model Guyton Manufacturing experienced the following events during its first accounting period.1. Recognized depreciation on manufacturing equipment.2. Recognized depreciation on office furniture.3. Recognized revenue from cash sale of products.4. Recognized cost of goods sold from sale referenced in Event 3.5. Acquired cash by issuing common stock.6. Paid cash to purchase raw materials that were used to make products.7. Paid wages to production workers.8. Paid salaries to administrative staff.Required Use the following horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (I), decreases (D), or has no effect (NA) on each element of the financial statements. In the Cash Flow column, indicate whether the cash flow is associated with operating activities (OA), investing activities (IA), or financing activities (FA). The first transaction has been recorded as an example. (Note. Show accumulated depreciation as a decrease in the book value of the appropriate asset account.)

Order an Excellent Paper with Bonpapers.com Writing Service

Bonpaper is a Custom Research Paper Writing service based in USA that is Available 24/7 to cater your needs. We have huge experience of writing essays about every possible topic. We have access to the online libraries, peer-journals, and news sites which makes it possible to gather enough data about the topic. 

We provide the plagiarism-free and grammatically perfect essay writing service to our clients. We have written hundreds of essays so far and our clients have gained excellent results as well.

Need Assignment Help?