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.	+37,950								+37,950
b.					+3,300		+3,300
Bal.	37,950				3,300		3,300		37,950
c.	+37,190												+37,190
Bal.	75,140				3,300		3,300		37,950				37,190
d.	-10,200																-10,200
Bal.	64,940				3,300		3,300		37,950				37,190				-10,200
e.	-1,590						-1,590
Bal.	63,350				3,300		1,710		37,950				37,190				-10,200
f.			+26,200										+26,200
Bal.	63,350		26,200		3,300		1,710		37,950				63,390				-10,200
g.	-7,210																		-4,930				-2,280
Bal.	56,140		26,200		3,300		1,710		37,950				63,390				-10,200		-4,930				-2,280
h.	-15,200														-15,200
Bal.	40,940		26,200		3,300		1,710		37,950				63,390		-15,200		-10,200		-4,930				-2,280
i.					-1,900																-1,900
Bal.	40,940		26,200		1,400		1,710		37,950				63,390		-15,200		-10,200		-4,930		-1,900		-2,280
j.	-9,500										-9,500
Bal.	31,440		26,200		1,400		1,710		37,950		-9,500		63,390		-15,200		-10,200		-4,930		-1,900		-2,280

Required:

Question Content Area

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

Accounts receivableAccounts payableCashJose Loder, capitalJose Loder, drawingFees earned		$- Select -
Expenses:
Accounts payableAccounts receivableJose Loder, capitalJose Loder, drawingSalaries expenseSupplies	$- Select -
Accounts receivableCashFees earnedRent expenseJose Loder, capitalJose Loder, drawing	- Select -
Accounts payableAccounts receivableAuto expenseCashJose Loder, capitalSupplies	- Select -
Accounts payableCashFees earnedJose Loder, drawingSupplies expenseSupplies	- Select -
Accounts payableCashFees earnedJose Loder, capitalJose Loder, drawingMiscellaneous expenseSupplies	- Select -
Total expenses		fill in the blank 16d51d06afea04b_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 answer is zero, enter "0".

Accounts payableJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2WithdrawalsCash		$
Accounts receivableJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2CashInvestment on August 1, 20Y2	$
Jose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2Net income for AugustNet loss for August
Jose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2CashWithdrawals
CashDecrease in owner's equityIncrease in owner's equityJose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2
Jose Loder, capital, August 1, 20Y2Jose Loder, capital, August 31, 20Y2CashInvestment onAugust 1, 20Y2Net income for August		$

Question Content Area

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

Assets
Accounts payableAuto expenseCashFees earnedJose Loder, capitalJose Loder, drawing	$- Select -
Accounts payableAccounts receivableJose Loder, capitalJose Loder, drawingMiscellaneous expenseRent expense	- Select -
Accounts payableFees earnedJose Loder, capitalJose Loder, drawingSupplies expenseSupplies	- Select -
Total assets	$fill in the blank 04be10fee07bf89_7
Liabilities
Accounts payableAccounts receivableCashJose Loder, capitalSupplies expenseFees earned	$- Select -
Owner's Equity
Accounts payableCashJose Loder, capitalJose Loder, drawingMiscellaneous expenseRent expense	- Select -
Total liabilities and owner's equity	$fill in the blank 04be10fee07bf89_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.

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 2299c100cfa5fa7_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 received from customersCash paid for expenses and to creditorsCash withdrawal by owner	- 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 2299c100cfa5fa7_16
Cash balance, August 31, 20Y2		$fill in the blank 2299c100cfa5fa7_17

1 more Check My Work uses remaining. 1 more Check My Work uses remaining. 1. Prepare an income ctatomont forrtho led August 31,20Y2. 2. Prepare a statement of owner's equity for the month ended August 31, 20Y2. If an answer is zero, enter "0". 3. Prepare a balance sheet as of August 31,20Y2. When entering assets, enter them in order of liquidity. 4. Prepare a statement of cash flows for the month ending August 31,202. For those boxes in which no entry is required, enter " 0 ". Use the minus sign to indicate cash outflows, cash payments, and