Bronco Consulting Statement of Cash Flows For the Month Ended August 31, 20Y1 Cash flows from (used for) operating activities: Cash received from customers 31,540 Cash paid for expenses and to creditors Net cash flows from operating activities Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash received from issuing common stock 8 Cash paid for dividends Net cash flows from financing activities Net increase in cash 0000 Cash balance, August 1, 2011 Cash balance, August 31, 2011 Feedback Check My Work 4. Follow Example Exercise 1-7. Identify the sources of cash and determine the company's Feedback Check My Work Partially correct Chock Mlade Financial statements Jose Loder established Bronco Consulting on August 1, 2011. The effect of each transaction and the balances after each transaction for August follow Assets - Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc. Cash + Receivable + Supplies Payable + Stock - Dividends. Earned - Expense - Expense - Expense - Expense - Expense o +32.180 +32,180 b. +2.800 +2,800 Bal 32,180 2.800 2,800 32,180 +31,540 431,540 Bal. 63,720 2.800 2,800 32,180 31.540 d. -8.700 -8,700 Bal 55,020 2,800 2,800 32,180 31,540 -8,700 e. -1,350 -1,350 Bal. 53,670 2.800 1.450 32,160 31.540 -5,700 +22,200 +22,200 Bal. 53,670 23,200 2.000 1.450 32,100 53,740 -0,700 -6,110 -4,160 -1,930 Bal 47,560 22, 200 2.800 1.450 32,180 53,740 -3.700 4,180 -1,990 h 12,900 12,900 Bal. 34,660 22,200 2.800 1.450 32,180 53,740 -12.900 -8.700 -4,180 1,930 -1.600 -1,600 1,200 53,740 1.450 32,180 -8.700 Bal 34,660 - 10 -12,900 22,200 -1.600 -1,930 1 -9,000 -8,000 22,200 1.200 1.450 32,180 -8,000 Bal 26,660 -12,900 53,740 -8,700 4,180 -1.600 - 1,930 Required: 1. Prepare an income statement for the month ended August 31, 2011