Jose Loder established Bronco Consulting on August 1, 20Y2. 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.	+75,000					+75,000
b.			+9,000		+9,000
Bal.	75,000		9,000		9,000	75,000
c.	+92,000							+92,000
Bal.	167,000		9,000		9,000	75,000		92,000
d.	-27,000									-27,000
Bal.	140,000		9,000		9,000	75,000		92,000		-27,000
e.	-6,000				-6,000
Bal.	134,000		9,000		3,000	75,000		92,000		-27,000
f.		+33,000						+33,000
Bal.	134,000	33,000	9,000		3,000	75,000		125,000		-27,000
g.	-23,000										-15,500		-7,500
Bal.	111,000	33,000	9,000		3,000	75,000		125,000		-27,000	-15,500		-7,500
h.	-58,000								-58,000
Bal.	53,000	33,000	9,000		3,000	75,000		125,000	-58,000	-27,000	-15,500		-7,500
i.			-6,100									-6,100
Bal.	53,000	33,000	2,900		3,000	75,000		125,000	-58,000	-27,000	-15,500	-6,100	-7,500
j.	-15,000						-15,000
Bal.	38,000	33,000	2,900		3,000	75,000	-15,000	125,000	-58,000	-27,000	-15,500	-6,100	-7,500

Required:

Question Content Area

1. Prepare an income statement for the month ended August 31, 20Y2.

Bronco Consulting Income Statement For the Month Ended August 31, 20Y2

CashFees earnedRent expenseSalaries expenseJose Loder, capitalJose Loder, drawing		$- Select -
Expenses:
Accounts payableAccounts receivableCashJose Loder, drawingSalaries expenseSupplies	$- Select -
Accounts receivableCashFees earnedJose Loder, capitalRent expenseSupplies	- Select -
Accounts payableAuto expenseCashFees earnedJose Loder, capitalJose Loder, drawing	- Select -
Accounts receivableFees earnedInvestment by ownerJose Loder, capitalSupplies expenseSupplies	- Select -
Accounts payableCashFees earnedJose Loder, drawingMiscellaneous expenseSupplies	- Select -
Total expenses		fill in the blank 5e0e3c01905f073_13
Accounts payableCashFees earnedNet incomeNet loss		$- Select -

Question Content Area

2. Prepare a statement of owner's equity for the month ended August 31, 20Y2. If an amount is zero, enter "0".

Bronco Consulting Statement of Owner's Equity For the Month Ended August 31, 20Y2

Accounts payableCashNet income for FebruaryJose Loder, capital, August 1, 20Y2Withdrawals		$- Select -
CashFees earnedInvestment on August 1, 20Y2Net loss for FebruaryJose Loder, capital, August 1, 20Y2	$- Select -
Accounts receivableCashNet income for AugustJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2	- Select -
Accounts receivableCashJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2Withdrawals	- Select -
Accounts receivableCashDecrease in owner's equityIncrease in owner's equityJose Loder, capital, August 1, 20Y2		- Select -
CashFees earnedJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2Withdrawals		$- Select -

Question Content Area

3. Prepare a balance sheet as of August 31, 20Y2. When entering assets, enter them in order of liquidity.

Bronco Consulting Balance Sheet August 31, 20Y2

Assets
Accounts payableAuto expenseCashFees earnedJose Loder, capitalSupplies	$- Select -
Accounts payableAccounts receivableJose Loder, drawingJose Loder, capitalMiscellaneous expenseRent expense	- Select -
Accounts payableFees earnedJose Loder, capitalJose Loder, drawingSuppliesSupplies expense	- Select -
Total assets	$fill in the blank e161c605dfaefe2_7
Liabilities
Accounts payableCashFees earnedJose Loder, capitalSupplies expenseSupplies	$- Select -
Owner's Equity
Accounts payableAccounts receivableCashJose Loder, drawingJose Loder, capitalSupplies	- Select -
Total liabilities and owner's equity	$fill in the blank e161c605dfaefe2_12

Question Content Area

4. Prepare a statement of cash flows for the month ending August 31, 20Y2. 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, 20Y2

Cash flows from (used for) operating activities:
Cash received from owner as investmentCash received from customersCash withdrawal by owner	$- Select -
Cash received as owner's investmentCash paid for expenses and to creditorsCash withdrawal by owner	- Select -
Net cash flow from operating activitiesNet cash flow used for operating activities		$- Select -
Cash flows from (used for) investing activities		fill in the blank d38690049034fdb_7
Cash flows from (used for) financing activities:
Cash received from owner as investmentCash received from customersCash paid for expenses and to creditors	$- Select -
Cash withdrawal by ownerCash received from customersCash paid for expenses and to creditors	- Select -
Net cash flow from financing activitiesNet cash flow used for financing activities		- Select -
Net decrease in cashNet increase in cash		$- Select -
Cash balance, August 1, 20Y2		fill in the blank d38690049034fdb_16
Cash balance, August 31, 20Y2		fill in the blank d38690049034fdb_17