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.	+37,770								+37,770
b.					+3,290		+3,290
Bal.	37,770				3,290		3,290		37,770
c.	+37,010												+37,010
Bal.	74,780				3,290		3,290		37,770				37,010
d.	-10,200																-10,200
Bal.	64,580				3,290		3,290		37,770				37,010				-10,200
e.	-1,590						-1,590
Bal.	62,990				3,290		1,700		37,770				37,010				-10,200
f.			+26,100										+26,100
Bal.	62,990		26,100		3,290		1,700		37,770				63,110				-10,200
g.	-7,180																		-4,910				-2,270
Bal.	55,810		26,100		3,290		1,700		37,770				63,110				-10,200		-4,910				-2,270
h.	-15,100														-15,100
Bal.	40,710		26,100		3,290		1,700		37,770				63,110		-15,100		-10,200		-4,910				-2,270
i.					-1,900																-1,900
Bal.	40,710		26,100		1,390		1,700		37,770				63,110		-15,100		-10,200		-4,910		-1,900		-2,270
j.	-9,400										-9,400
Bal.	31,310		26,100		1,390		1,700		37,770		-9,400		63,110		-15,100		-10,200		-4,910		-1,900		-2,270

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

Accounts receivableCommon stockCashDividendsFees earnedFees earned		$Fees earned
Expenses:
Accounts payableAccounts receivableCommon stockSalaries expenseSuppliesSalaries expense	$Salaries expense
Common stockCashDividendsFees earnedRent expenseRent expense	Rent expense
Accounts payableAccounts receivableAuto expenseCashDividendsAuto expense	Auto expense
Common stockCashDividendsFees earnedSupplies expenseSupplies expense	Supplies expense
Accounts payableFees earnedLiabilitiesMiscellaneous expenseSuppliesMiscellaneous expense	Miscellaneous expense
Total expenses		fill in the blank dca63c085ff6fa9_13
Net incomeNet lossNet income		$Net income

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.

blank	Common Stock	Retained Earnings	Total
Balances, August 1, 20Y1Balances, August 31, 20Y1Common stockCashDividendsBalances, August 1, 20Y1	$Balances, August 1, 20Y1	$Balances, August 1, 20Y1	$Balances, August 1, 20Y1
Balances, August 1, 20Y1Balances, August 31, 20Y1Common stockCashIssued common stockIssued common stock	Issued common stock	Issued common stock	Issued common stock
Balances, August 1, 20Y1Balances, August 31, 20Y1CashNet incomeNet lossNet income	Net income	Net income	Net income
Balances, August 31, 20Y1CashCommon stockDividendsFees earnedDividends	Dividends	Dividends	Dividends
Balances, August 1, 20Y1Balances, August 31, 20Y1Common stockCashFees earnedBalances, August 31, 20Y1	Balances, August 31, 20Y1	Balances, August 31, 20Y1	Balances, August 31, 20Y1

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

Assets
Accounts payableCommon stockCashFees earnedRetained earningsCash		$Cash
Accounts payableAccounts receivableDividendsFees earnedRetained earningsAccounts receivable		Accounts receivable
Accounts payableCommon stockFees earnedRetained earningsSuppliesSupplies		Supplies
Total assets		$fill in the blank f2511403b027fdc_7
Liabilities
Accounts payableAccounts receivableCommon stockFees earnedRetained earningsAccounts payable		$Accounts payable
Stockholders' Equity
Accounts receivableCommon stockCashFees earnedSuppliesCommon stock	$Common stock
Accounts payableAccounts receivableCashDividendsRetained earningsRetained earnings	Retained earnings
Total stockholders' equity		fill in the blank f2511403b027fdc_14
Total liabilities and stockholders' Equity		$fill in the blank f2511403b027fdc_15

Question Content Area

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.

Cash flows from (used for) operating activities:
Cash paid for dividendsCash received from customersCash received from issuing additional common stockCash received from customers	$Cash received from customers
Cash received from issuing additional common stockCash paid for dividendsCash paid for expenses and to creditorsCash paid for expenses and to creditors	Cash paid for expenses and to creditors
Net cash flows from operating activitiesNet cash flows used for operating activitiesNet cash flows from operating activities		$Net cash flows from operating activities
Cash flows from (used for) investing activities:		fill in the blank bf1c01faffb1013_7
Cash flows from (used for) financing activities:
Cash paid for expenses and to creditorsCash received from customersCash received from issuing common stockCash received from issuing common stock	$Cash received from issuing common stock
Cash paid for dividendsCash paid for expenses and to creditorsCash received from customersCash paid for dividends	Cash paid for dividends
Net cash flows from financing activitiesNet cash flows used for financing activitiesNet cash flows from financing activities		Net cash flows from financing activities
Net decrease in cashNet increase in cashNet increase in cash		$Net increase in cash
Cash balance, August 1, 20Y1Cash balance, August 31, 20Y1Cash balance, August 1, 20Y1	blank	Cash balance, August 1, 20Y1
Cash balance, August 1, 20Y1Cash balance, August 31, 20Y1Cash balance, August 31, 20Y1	blank	Cash balance, August 31, 20Y1