Required a En ter the following headings for the horizontal

Required a. En ter the following headings for the horizontal statements model onto a blank sp

Solution

S.no. Assets = Liabilities + Stockholders\' Equity Income Statement Statement of Cash Flow Cash + Land = Notes Payable + Common Stock + Retained Earnings Revenue - Expenses = Income Amount Activity 1              6,100 + = +                 6,100 + - =                   6,100 Financing 2           (4,400) +                4,400 = + + - =                 (4,400) Investing 3              3,000 + =                   3,000 + + - =                   3,000 Financing 4                 700 + = + +                    700            700 - =                 700                       700 Operating 5               (300) + = + +                 (300) -                 300 =               (300)                    (300) Operating 6               (100) + = + +                 (100) - =                    (100) Financing Balance              5,000 +                4,400 =                   3,000 +                 6,100 +                    300            700 -                 300 =                 400                   5,000 Total Assets = $9,400 Total Liabilities = $3,000 Total stockholders\' Equity = $6,400 Total stockholders\' Equity = $9,400