Financial Statements

Jose 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
	Cash	+	Accounts Receivable	+	Supplies	=	Accounts Payable	+	Common Stock	-	Dividends	+	Fees Earned	-	Salaries Expense	-	Rent Expense	-	Auto Expense	-	Supplies Expense	-	Misc. Expense
a.	+33,480								+33,480
b.					+2,910		+2,910
Bal.	33,480				2,910		2,910		33,480
c.	+32,810												+32,810
Bal.	66,290				2,910		2,910		33,480				32,810
d.	-9,000																-9,000
Bal.	57,290				2,910		2,910		33,480				32,810				-9,000
e.	-1,410						-1,410
Bal.	55,880				2,910		1,500		33,480				32,810				-9,000
f.			+23,100										+23,100
Bal.	55,880		23,100		2,910		1,500		33,480				55,910				-9,000
g.	-6,360																		-4,350				-2,010
Bal.	49,520		23,100		2,910		1,500		33,480				55,910				-9,000		-4,350				-2,010
h.	-13,400														-13,400
Bal.	36,120		23,100		2,910		1,500		33,480				55,910		-13,400		-9,000		-4,350				-2,010
i.					-1,700																-1,700
Bal.	36,120		23,100		1,210		1,500		33,480				55,910		-13,400		-9,000		-4,350		-1,700		-2,010
j.	-8,400										-8,400
Bal.	27,720		23,100		1,210		1,500		33,480		-8,400		55,910		-13,400		-9,000		-4,350		-1,700		-2,010

Required:

1. Prepare an income statement for the month ended August 31, 20Y1.

Bronco Consulting
Income Statement
For the Month Ended August 31, 20Y1
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Expenses:
	$fill in the blank ab3524f3b044fa6_4
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Total expenses		fill in the blank ab3524f3b044fa6_13
		$fill in the blank ab3524f3b044fa6_15

2. Prepare a statement of stockholders equity for the month ended August 31, 20Y1. If an answer is zero, enter "0". If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.

Bronco Consulting
Statement of Stockholders Equity
For the Month Ended August 31, 20Y1
	Common Stock	Retained Earnings	Total
	$fill in the blank d36125fe1fddfec_2	$fill in the blank d36125fe1fddfec_3	$fill in the blank d36125fe1fddfec_4
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	fill in the blank d36125fe1fddfec_10	fill in the blank d36125fe1fddfec_11	fill in the blank d36125fe1fddfec_12
	fill in the blank d36125fe1fddfec_14	fill in the blank d36125fe1fddfec_15	fill in the blank d36125fe1fddfec_16
	fill in the blank d36125fe1fddfec_18	fill in the blank d36125fe1fddfec_19	fill in the blank d36125fe1fddfec_20

3. Prepare a balance sheet as of August 31, 20Y1. When entering assets, enter them in order of liquidity.

Bronco Consulting
Balance Sheet
August 31, 20Y1
Assets
		$fill in the blank de4faefb5fa2fd7_2
		fill in the blank de4faefb5fa2fd7_4
		fill in the blank de4faefb5fa2fd7_6
Total assets		$fill in the blank de4faefb5fa2fd7_7
Liabilities
		$fill in the blank de4faefb5fa2fd7_9
Stockholders' Equity
	$fill in the blank de4faefb5fa2fd7_11
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Total stockholders' equity		fill in the blank de4faefb5fa2fd7_14
Total liabilities and stockholders' Equity		$fill in the blank de4faefb5fa2fd7_15

4. Prepare a statement of cash flows for the month ending August 31, 20Y1. 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, 20Y1
Cash flows from (used for) operating activities:
	$fill in the blank 4c1144fd4f97073_2
	fill in the blank 4c1144fd4f97073_4
		$fill in the blank 4c1144fd4f97073_6
Cash flows from (used for) investing activities:		fill in the blank 4c1144fd4f97073_7
Cash flows from (used for) financing activities:
	$fill in the blank 4c1144fd4f97073_9
	fill in the blank 4c1144fd4f97073_11
		fill in the blank 4c1144fd4f97073_13
		$fill in the blank 4c1144fd4f97073_15
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		fill in the blank 4c1144fd4f97073_19