Aaron Lee established Restart Technology Services on August 1, 20Y4. The effect of each transaction and the balances after each transaction for August are shown below in the integrated financial statement framework.

		Balance Sheet
	Assets	=	Liabilities	+	Stockholders' Equity
	Cash	+	Land	=	Notes Payable	+	Common Stock	+	Retained Earnings
a.	Issued common stock	50,000						50,000
b.	Fees earned	54,000								54,000
	Balances	104,000						50,000		54,000
c.	Rent expense	(5,000)								(5,000)
	Balances	99,000						50,000		49,000
d.	Issued notes payable	20,000				20,000
	Balances	119,000				20,000		50,000		49,000
e.	Purchased land	(80,000)		80,000
	Balances	39,000		80,000		20,000		50,000		49,000
f.	Paid expenses	(3,800)								(3,800)
	Balances	35,200		80,000		20,000		50,000		45,200
g.	Paid salary expense	(9,200)								(9,200)
	Balances	26,000		80,000		20,000		50,000		36,000
h.	Paid dividends	(6,000)								(6,000)
	Balances, Aug. 31	20,000		80,000		20,000		50,000		30,000
Statement of Cash Flows		Income Statement
a.	Financing	50,000		b.	Fees earned	54,000
b.	Operating	54,000		c.	Rent expense	(5,000)
c.	Operating	(5,000)		f.	Auto expense	(2,400)
d.	Financing	20,000		f.	Misc. expense	(1,400)
e.	Investing	(80,000)		g.	Salary expense	(9,200)
f.	Operating	(3,800)			Net income	36,000
g.	Operating	(9,200)
h.	Financing	(6,000)
	Increase in cash	20,000

Instructions:

1. Prepare an income statement for the month ended August 31, 20Y4.

Automobile expenseFees earnedMiscellaneous expenseRent expenseSalaries expense		$- Select -
Operating expenses:
CashFees earnedLandNotes payableSalaries expense	$- Select -
CashFees earnedLandNotes payableRent expense	- Select -
Automobile expenseCashDividendsLandNotes payable	- Select -
CashLandMiscellaneous expenseNotes payableRetained earnings	- Select -
Total operating expenses		fill in the blank 362b09fd2064fc4_11
Net income		$fill in the blank 362b09fd2064fc4_12

2. Prepare a statement of stockholders' equity for the month ended August 31, 20Y4. If your answer is zero enter "0".

	Common Stock	Retained Earnings	Total
Balances, August 1, 20Y4	$fill in the blank 94210d07805efd9_1	$fill in the blank 94210d07805efd9_2	$fill in the blank 94210d07805efd9_3
CashFees earnedIssued common stockMiscellaneous expenseSalaries expense	- Select -	- Select -	- Select -
CashNet incomeNet lossPlus dividends	- Select -	- Select -	$- Select -
DividendsCashNet loss for AugustPlus dividends	- Select -	- Select -	- Select -
Balances, August 31, 20Y4	$fill in the blank 94210d07805efd9_16	$fill in the blank 94210d07805efd9_17	$fill in the blank 94210d07805efd9_18

3. Prepare a balance sheet as of August 31, 20Y4.

Assets
Common stockCashFees earnedMiscellaneous expenseNotes payable		$- Select -
Automobile expenseLandNotes payableRent expenseRetained earnings		- Select -
Total assets		$fill in the blank 8dfc2cf9afe1fd4_5
Liabilities
Common stockCashLandNotes payableRetained earnings		$- Select -
Stockholders' Equity
Automobile expenseCommon stockCashLandNotes payable	$- Select -
Fees earnedNotes payableRent expenseRetained earningsSalaries expense	- Select -
Total stockholders' equity		fill in the blank 8dfc2cf9afe1fd4_12
Total liabilities and stockholders' equity		$fill in the blank 8dfc2cf9afe1fd4_13

4. Prepare a statement of cash flows for the month ended August 31, 20Y4. Use the minus sign to indicate cash outflows, decreases in cash, or cash payments. If your answer is zero enter "0".

Cash flows from (used for) operating activities:
Cash paid for landCash received from issuing common stockCash received from operating activitiesNet cash flows from financing activitiesNet cash flows from operating activities	$- Select -
Cash paid for operating activitiesCash paid for landCash received from issuing common stockCash received from issuing notes payableNet cash flows from financing activities	- Select -
Cash paid for operating activitiesCash received from issuing common stockCash received from operating activitiesNet cash flows from financing activitiesNet cash flows from operating activities		$- Select -
Cash flows from (used for) investing activities:
Cash paid for landCash paid for dividendsCash paid for operating activitiesCash received from operating activitiesNet cash flows from financing activities		- Select -
Cash flows from (used for) financing activities:
Cash paid for landCash received from issuing common stockCash received from operating activitiesNet cash flows from operating activitiesNet increase in cash during August	$- Select -
Cash as of August 1, 20Y4Cash paid for landCash paid for operating activitiesCash received from issuing notes payableCash received from operating activities	- Select -
Cash paid as dividendsCash paid as landCash received from operating activitiesNet cash flows from operating activitiesNet increase in cash during August	- Select -
Cash as of August 31, 20Y4Cash paid for dividendsCash paid for landNet cash flows from financing activitiesNet cash flows from operating activities		- Select -
Cash as of August 1, 20Y4Cash as of August 31, 20Y4Cash paid for dividendsNet cash flows from operating activitiesNet increase in cash during August		$- Select -
Cash as of August 1, 20Y4Cash paid for landCash paid for operating activitiesCash received from issuing common stockCash received from operating activities		- Select -
Cash as of August 31, 20Y4Cash paid for dividendsCash paid for operating activitiesCash received from issuing common stockNet cash flows from financing activities		$- Select -