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Dose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets =
Dose Loder established Bronco Consulting on August 1, 20Y1. 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 Cash + Supplies = + - Dividends + Receivable Payable Stock Earned Expense Expense Expense +31,080 +31,080 b. +2,700 +2,700 + - Supplies Expense Misc. Expense a. Bal. 31,080 2,700 2,700 31,080 c. +30,460 ! +30,460 Bal. 61,540 2,700 2.700 31,080 30,460 d. -8,400 -8,400 Bal. 53,140 2,700 2,700 31,080 30,460 -8,400 e. -1,310 -1,310 Bal. 51,830 2,700 1,390 31,080 30,460 -8,400 f. +21,400 +21,400 Bal. 51,830 21,400 2,700 1,390 31,080 51,860 -8,400 9. -5,910 -4,040 -1,870 Bal. 45,920 21,400 2,700 1,390 31,080 51,860 -8,400 -4,040 -1,870 h. -12,400 -12,400 Bal. 33,520 21,400 2,700 1,390 31,080 51,860 -12,400 -8,400 -4,040 -1,870 i. -1,600 -1,600 Bal. 33,520 21,400 1,100 1,390 31,080 51,860 -12,400 -8,400 -4,040 -1,600 -1,870 li j. -7,800 -7,800 Bal. 25,720 21,400 1,100 1,390 31,080 -7,800 51,860 -12,400 -8,400 -4,040 -1,600 -1,870 4. Prepare a statement of cash flows for the month ending August 31, 20Y1. For those boxes in which no entry is required, enter "O". 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, 20Y1 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows used for operating activities $ Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows from financing activities Net increase in cash $ Cash balance, August 1, 20Y1 Cash balance, August 31, 20Y1
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