ch transaction and the balances after each transaction for August Owner's Equity Jose Loder Fees Rent Salaries Expense - Auto Expense - Supplies Expense - Misc. Expense Drawing + Earned - Expense - +31,600 31,600 -8,700 31,600 -8,700 31,600 -8,700 +22,200 53,800 -8,700 -4,190 -1,940 53,800 -8,700 -4,190 -1,940 -12,900 Conn 12nnn Ozon 1 1 on 1 an +31,600 31,600 -8,700 31,600 -8,700 31,600 -8,700 +22,200 53,800 -8,700 -4,190 -1,940 53,800 -8,700 -4,190 -1,940 -12,900 53,800 -12,900 -8,700 -4,190 -1,940 -1,600 53,800 -12,900 -8,700 -4,190 -1,600 -1,940 100 100 53,800 -12,900 -8,700 -4,190 -1,600 -1,940 4. Prepare a statement of cash flows for the month ending August 31, 2019. For those boxes in which no entry is required, enter "0". Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Bronco Consulting Statement of Cash Flows For the Month Ended August 31, 2019 Cash flows from operating activities: Cash receipts from customers $ Cash payments for expenses and payments to creditors Net cash flow used for operating activities Cash flows from investing activities Cash flows from financing activities: Cash receipt as owner's investment Cash withdrawal by owner Net cash flow used for financing activities Net increase in cash and August 31, 2019, cash balance 2. Prepare a statement of owner's equity for the month ended August 31, 2019. If an answer is zero, enter "0". Bronco Consulting Statement of Owner's Equity For the Month Ended August 31, 2019 Jose Loder, capital, August 1, 2019 Investment on August 1, 2019 Net income for August Withdrawals Increase in owner's equity Jose Loder, capital, August 31, 2019 3. Prepare a balance sheet as of August 31, 2019. When entering assets, enter them in order of liquidity. Bronco Consulting Financial Statements Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow: Assets = Liabilities + Owner's Equity Accounts Jose Loder Fees Rent Au Cash + Supplies = Accounts Payable + Jose Loder Drawing + Salaries Expense - Receivable + Capital - Earned - Expense- Expe a. +32,240 +32,240 b. +2,800 +2,800 Bal. 32,240 2,800 2,800 32,240 c. +31,600 +31,600 Bal. 63,840 2,800 2,800 32,240 31,600 d. -8,700 -8,700 Bal. 55,140 2,800 2,800 32,240 31,600 -8,700 e. -1,350 -1,350 Bal. 53,790 2,800 1,450 32,240 31,600 -8,700 f. +22,200 +22,200 Bal. 53,790 22,200 2,800 1,450 32,240 53,800 -8,700 g. -6,130 -4, Bal. 47,660 22,200 2,800 1,450 32,240 53,800 -8,700 -4, h -12,900 -12,900 C. +31,600 +31,600 Bal. 63,840 2,800 2,800 32,240 31,600 d. -8,700 -8,700 Bal. 55,140 2,800 2,800 32,240 31,600 -8,700 e. -1,350 -1,350 Bal. 53,790 2,800 1,450 32,240 31,600 -8,700 f. +22,200 +22,200 Bal. 53,790 22,200 2,800 1,450 32,240 53,800 -8,700 g. -6,130 -4, Bal. 47,660 22,200 2,800 1,450 32,240 53,800 -8,700 -4, h. -12,900 -12,900 Bal. 34,760 22,200 2,800 1,450 32,240 53,800 -12,900 -8,700 -4, i. -1,600 Bal. 34,760 22,200 1,200 1,450 32,240 53,800 -12,900 -8,700 -4, j. -8,100 -8,100 Bal. 26,660 22,200 1,200 1,450 32,240 -8,100 53,800 -12,900 -8,700 -4, Required
