Question
inancial Statements Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow:
inancial 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 Cash + Accounts Receivable + Supplies = Accounts Payable + Jose Loder Capital - Jose Loder Drawing + Fees Earned - Salaries Expense - Rent Expense - Auto Expense - Supplies Expense - Misc. Expense a. +44,460 +44,460 b. +3,870 +3,870 Bal. 44,460 3,870 3,870 44,460 c. +43,570 +43,570 Bal. 88,030 3,870 3,870 44,460 43,570 d. -12,000 -12,000 Bal. 76,030 3,870 3,870 44,460 43,570 -12,000 e. -1,870 -1,870 Bal. 74,160 3,870 2,000 44,460 43,570 -12,000 f. +30,700 +30,700 Bal. 74,160 30,700 3,870 2,000 44,460 74,270 -12,000 g. -8,450 -5,780 -2,670 Bal. 65,710 30,700 3,870 2,000 44,460 74,270 -12,000 -5,780 -2,670 h. -17,800 -17,800 Bal. 47,910 30,700 3,870 2,000 44,460 74,270 -17,800 -12,000 -5,780 -2,670 i. -2,200 -2,200 Bal. 47,910 30,700 1,670 2,000 44,460 74,270 -17,800 -12,000 -5,780 -2,200 -2,670 j. -11,100 -11,100 Bal. 36,810 30,700 1,670 2,000 44,460 -11,100 74,270 -17,800 -12,000 -5,780 -2,200 -2,670 Required: Prepare incomes statement Owner equity statement balance sheet and cash flow statements
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started