[KONIGIN]

I am supposed to Identify each event affecting the 2008 and 2009 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE).

Please help me I have no idea what I am doing:confused:
Events Affecting the 2008 Accounting Period

1. Acquired cash of $50,000 from the issue of common stock. (AS)
2. Purchased $800 of supplies on account.
3. Purchased land that cost $12,000 cash- (AE)
4. Paid $800 cash for other operating expenses.
5. recognized revenue on account of $38,000
6. Paid $15,000 cash for other operating expenses
7. Collected $22,000 cash from accounts receivable.

Information for 2008 Adjusting Entries

8. Recognized accrued salaries of $1,200 on December 31, 2008
9. Had $200 of supplies on hand at the end of the accounting period.

Events Affecting the 2009 Accounting Period

1. Acquired additional $10,000 cash from the issue of common stock. (AS)
2. Paid $1,200 cash to settle the salaries payable obligation.
3. Paid $3,600 cash in advance for a lease on office facilities.
4. Sold land that had cost $12,000 for $12,000 cash
5. Received $5,400 cash advance for services to be performed in the future.
6. Purchased $1,000 of supplies on account during the year.
7. Provided services on account of $26,000.
8. Collected $28,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.

Information for 2009 Adjusting Entries

10. The cash advance payment for rental of the office facilities in event 3 was made on March 1 for one year lease term.
11. The cash advance for services to be provided in the future was collected on Oct 1 in event 5. The one year contract began on October 1.
12. Had $150 of supplies on hand at the end of the period.
13. Recognized accrued salaries of $1,800 at the end of the accounting period.