Several events are listed below. Indicate whether each event is an external event that should be recorded as a transaction, an internal event which should be recorded as a transaction, or an event which should not be recorded. Use the following identification codes for your answers:

E - External event to be recorded as a transaction I - Internal event to be recorded as a transaction NR - An event which should NOT be recorded

_____ An order is placed with a supplier for merchandise.

_____ Common stock is issued to investors.

_____ Cash sales are made

_____ Raw materials are entered into production. _____

Federal income tax returns are prepared by the company's accountant.

_____ Bills are received for utility expenses.

_____ Payment is received from customers to whom merchandise had been sold on credit

_____ Money collected from cash and credit customers is deposited at a local bank.

Determine whether each of these statements is either as of a point in time or for a period ended

A - Point in time

B - Period ended

_____      Income Statement

_____      Balance Sheet

_____      Statement of Cash Flows

_____      Statement of Retained Earnings