4-5A (Algo) Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October: 1. October 2 2. October 5 3. October 9 4. October 12 5. October 19 Receive membership dues for the month of October totaling $9,200. Issue common stock in exchange for cash, $11,000. Purchase additional boxing equipment for $7,900, paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year. Pay $1,200 for advertising regarding a special membership rate available during the month of October. Pay dividends to stockholders, $2,700. Pay liability insurance to cover accidents to members for the next six months, starting November 6. October 22 1, $8,040. 7. October 25 Receive cash in advance for November memberships, $6,300. 8. October 30 Receive, but do not pay, utilities bill for the month, $3,500. 9. October 31 Pay employees' salaries for the month, $8,000. Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assume the balance of cash at the beginning of October is $14,900. Post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating, investing, and financing activities. Assume that the balance of cash at the beginning of October is $14,900. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in t View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record receipt of membership dues for the month of October totaling $9,200. Note: Enter debits before credits. Date October 02 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record issuance of common stock in exchange for cash, $11,000. Note: Enter debits before credits. Date October 05 General Journal Debit Credit Record entry Clear entry View general journal Proy 7 of 7 Next Required 1 Required 2 Required 3 Required 4 Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the View transaction list Journal entry worksheet > 1 2 3 4 5 6 7 8 9 Record purchase of additional boxing equipment for $7,900, paying one-half of the amount in cash and issuing a note payable to the seller for the other one- half due by the end of the year. Note: Enter debits before credits. Date October 09 General Journal Debit Credit > Record entry Clear entry View general journal k wt mces Required 1 Required 2 Required 3 Required 4 Check my we Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record payment of $1,200 for advertising regarding a special membership rate available during the month of October. Note: Enter debits before credits. Date October 12 General Journal Debit Credit View general journal Record entry Clear entry Required 1 Required 2. Required 31 Required 4 Check m Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acc View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 ces Record payment of dividends to stockholders, $2,700. Note: Enter debits before credits. Date October 19 00 8 9 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record payment of liability insurance to cover accidents to members for the next six months, starting November 1, $8,040. Note: Enter debits before credits. Date October 22 General Journal Debit Credit Record entry Clear entry View general journal Movt Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record receipt of cash in advance for November memberships, $6,300. Note: Enter debits before credits. Date October 25 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record receipt, but not payment of, the utilities bill for the month, $3,500. Note: Enter debits before credits. Date October 30 General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 7 Next Required 1 Required 2 Required 3 Required 4 eck m Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acc View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record payment of employees' salaries for the month, $8,000. Note: Enter debits before credits. Date October 31 6 General Journal Debit Credit View general journal Record entry Clear entry Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 ok ht Identify the transactions involving cash. (Select all that apply.) October 2 Receive membership dues for the month of October totaling $9,200. nces October 5 Issue common stock in exchange for cash, $11,000. October 9 Purchase additional boxing equipment for $7,900, paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year. October 12 Pay $1,200 for advertising regarding a special membership rate available during the month of October. October 19 Pay dividends to stockholders, $2,700. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1, $8,040. October 25 Receive cash in advance for November memberships, $6,300. October 30 Receive, but do not pay, utilities bill for the month, $3,500. October 31 Pay employees' salaries for the month, $8,000. < Required 1 Required 3 > es. 4. Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating, investing, and financing activities. Assume that the balance of cash at the beginning of October is $14,900. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume the balance of cash at the beginning of October is $14,900. Post each cash transaction to the Cash T-account. Cash Debit Beginning Balance 14,900 Credit Ending Balance 14,900 < Required 2 Required 4 > Saved Help Save & Exit Submit 10 Check my work Required 1 Required 2 Required 3 Required 4 Prepare a statement of cash flows for the month of October, properly classifying each of the investing, and financing activities. Assume that the balance of cash at the beginning of Octob and decrease in cash as negative amounts. Total entries from the same source together wher cash flows.) BALBOA'S GYM Statement of Cash Flows For the Month Ended October 31 Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities: Cash at the beginning of the month Cash at the end of the month $ 0 0 0 $ 0 4:32 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 eBook Print References Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating, Investing, and financing activities. Assume that the balance of cash at the beginning of October is $14,900. (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows.) BALBOA'S GYM Statement of Cash Flows For the Month Ended October 31 Cash Flows from Operating Activities Cash inflows: Show less A