The following information applies to the questions displayed below
Maben Company was started on January Year and experienced the following events during its first year of operation:
Acquired $ cash from the issue of common stock.
Borrowed $ cash from National Bank.
Earned cash revenues of $ for performing services.
Paid cash expenses of $
Paid a $ cash dividend to the stockholders.
Acquired an additional $ cash from the issue of common stock.
Paid $ cash to reduce the principal balance of the bank note.
Paid $ cash to purchase land.
Determined that the market value of the land is $
Required
a Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities OA investing activities IA or financing activities FA If the element is not affected by the event, leave the cell blank. The first event is shown as an example. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry.
