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Identifv the transactions involvina cash. (Select all that apolv.) investing, and financing activities. Assume that the balance of cash at the beginning of June is

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Identifv the transactions involvina cash. (Select all that apolv.) investing, and financing activities. Assume that the balance of cash at the beginning of June is $14,300. (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows.) Problem 4-5B (Algo) Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) Peter loves dogs and cats, For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions: 1. June e2 obtain cash by borrowing $20, 600 from the bank by signing a note. 2. June 93 Pay rent for the current month, $1,000. 3. June 87 Provide services to customers, $4,800 for cash and $3,1 ee on account. 4. June 11 Purchase cages and equipment necessary to maintain the animols, $8, eee cash. 5. June 17 Pay enployees' salaries for the first half of the month, 56,106 . 6. June 22 pay dividends to stockholders, $1,450. 7. June 25 Recelve cash in advance from o customer who wants to house his two dogs (Chance and Shadow) and cat (Sassy) while he goes on vacation the month of July, $1,900. 8. June 28 Pay utilities for the month, $2,900. 9. June 30 Record salarles earned by employees for the second half of the month, $6,100. Payment will be nade on July 2 . Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assuming the balance of cash at the beginning of June is $14,300, post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating. investing. and financing activities. Assume that the balance of cash at the beginning of June is $14,300. Assuming the balance of cash at the beginning of June is $14,300, post each cash transaction to the Required 2

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