Indicate how each event affects the horizontal financial statements model. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NAOn January 1, Year 1, Eagle Company issued $100,000 of bonds payable at the face value. When the bonds matured on December 31, Year 6, Eagle used cash to repay the bond principal and the interest for one year, which had not been previously accrued. Indicate the effects of the December 31, Year 6 payment.

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The Answer of Indicate how each event affects the horizontal financial statements model. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NAOn January 1, Year 1, Eagle Company issued $100,000 of bonds payable at the face value. When the bonds matured on December 31, Year 6, Eagle used cash to repay the bond principal and the interest for one year, which had not been previously accrued. Indicate the effects of the December 31, Year 6 payment.

Indicate How Each Event Affects the Horizontal Financial Statements Model