instructions San Feye ostabusnea Heliance Financial Services on July 1, 2012 Heliance Financial Services oners ninancial planning advice to its clients. Ine entect or each transact balances alter each transaction for July Follow Assets Owners Equity Liabilities + Seth - Seth + Fees - Misc. Cash + Accounts Receivable Supplies Foye, Salaries Accounts Payable Supplies - Rent - Auto Expense Expense Feye, Capital Earned Expense Drawing Expense Expense +50,000 a. 50,000 b. +7,000 +7,000 Bal. 50,000 7.000 50,000 7,000 -3,600 C -3,600 7.000 3,400 50,000 Bal. 46,400 d. 110,000 +110,000 110,000 7,000 3,400 50,000 Bal. 156,400 -33,000 -33,000 7,000 3,400 50,000 110,000 33,000 Bal. 123.400 -20,800 - 15,000 4,800 7,000 3,400 50,000 110,000 -33,000 -16.000 -4,800 Bal 102,500 -55,000 -55,000 Previous Check My Work 3 more Check My Work uses remaining, FUOCO Submit Adem Book Print Item Financial statements Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions Bal. 123,400 f. -20,800 7,000 3,400 50,000 110,000 -33,000 - 16,000 4.800 Bal 102,600 7,000 3,400 50,000 110,000 -33,000 - 16,000 4,800 9 -55.000 -55,000 Bal. 47,800 7,000 3,400 50,000 110,000 55,000 -33,000 - 16,000 4,800 h. -4,500 4,500 Bal. 47,600 2,500 3,400 50,000 110,000 55,000 -33,000 - 16,000 -4,500 -4,800 . +34,500 +34,500 Bal. 47,600 34,500 2,500 3,400 50,000 144,500 -55,000 -33,000 -16,000 -4,500 -4,800 1 - 15,000 -15,000 Bal 32,600 34,500 2,500 3,400 50,000 -15,000 144.500 -55,000 -33,000 -16,000 -4,500 -4.800 Required: 1. Prepare an income statement for the Month Ended July 31, 20Y2. 2. Prepare a statement of owner's agully for the Month Ended July 31, 2012. 3. Prepare a balance sheet as of July 31, 2012 4. Prepare a statement of cash flows for the month ending July 31, 2012. "Be sure to complete the statement heading. Refer to the lists of Accounts in the information given. Labels and Amount Descriptions for the exact wording of the answer choices for text entries. CMM den Previr Instructions Labels and Amount Descriptions Labels Cash flows from (used for) operating activities Cash flows from (used for) investing activities Cash flows from (used for) financing activities Expenses For the Month Ended July 31, 20Y2 July 31, 20Y2 Amount Descriptions Cash balance, July 1, 20Y2 Cash balance, July 31, 20Y2 Cash paid for expenses and to creditors Cash payments for purchase of land Cash received from customers Cash received from owner as investment Cash withdrawal by owner Decrease in owner's equity Increase in owner's equity Jnvestment on July 1, 20Y2 Check My Work 3 more Check My Work uses remaining. All work saved. Instructions Labels and Amount Descriptions Income Statemen Instructions Labels and Amount Descriptions Investment on July 1, 20Y2 Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net decrease in cash and July 31, 20Y2, cash balance Net income Net decrease in cash Net increase in cash Net loss Seth Feye, capital Seth Feye, capital, July 1, 20Y2 Seth Feye, capital, July 31, 20Y2 Total assets Total expenses Total liabilities and owner's equity Withdrawals Check My Work 3 more Check My Work uses remaining. All work saved Instructions -33,000 Labels and Amount Descriptions Income Statement unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expense Reliance Financial Services Income Statement (Label) 1 2 Label 3 4 6 7 Check My Work 3 more Check My Work uses remaining All work saved. Email in 80 F3 000 ODO F4 0 F7 DI FB F5 Fb F9 $ % A & Labels and Amount Descriptions Income Statement Statement of Owner's Equity 2. Prepare a statement of owner's equity for the Month Ended July 31, 2012. Be sure to complete the statement heading. Refer to the lists of and Amount Descriptions for the exact wording of the answer choices for text entries. If required, use the minus sign to indicato any decrease Reliance Financial Services Statement of Owner's Equity (Label) : 2 3 4 5 6 Check My Work 3 more Check My Work uses remaining All work saved. Email Instructor Save a