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Jose Loder established Bronco Consulting on August 1, 20Y2. The effect of each transaction and the balances after each transaction for August follow: Assets =
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. | +27,000 | +27,000 | ||||||||||||||||||||||
b. | +2,350 | +2,350 | ||||||||||||||||||||||
Bal. | 27,000 | 2,350 | 2,350 | 27,000 | ||||||||||||||||||||
c. | +26,460 | +26,460 | ||||||||||||||||||||||
Bal. | 53,460 | 2,350 | 2,350 | 27,000 | 26,460 | |||||||||||||||||||
d. | -7,300 | -7,300 | ||||||||||||||||||||||
Bal. | 46,160 | 2,350 | 2,350 | 27,000 | 26,460 | -7,300 | ||||||||||||||||||
e. | -1,130 | -1,130 | ||||||||||||||||||||||
Bal. | 45,030 | 2,350 | 1,220 | 27,000 | 26,460 | -7,300 | ||||||||||||||||||
f. | +18,600 | +18,600 | ||||||||||||||||||||||
Bal. | 45,030 | 18,600 | 2,350 | 1,220 | 27,000 | 45,060 | -7,300 | |||||||||||||||||
g. | -5,130 | -3,510 | -1,620 | |||||||||||||||||||||
Bal. | 39,900 | 18,600 | 2,350 | 1,220 | 27,000 | 45,060 | -7,300 | -3,510 | -1,620 | |||||||||||||||
h. | -10,800 | -10,800 | ||||||||||||||||||||||
Bal. | 29,100 | 18,600 | 2,350 | 1,220 | 27,000 | 45,060 | -10,800 | -7,300 | -3,510 | -1,620 | ||||||||||||||
i. | -1,400 | -1,400 | ||||||||||||||||||||||
Bal. | 29,100 | 18,600 | 950 | 1,220 | 27,000 | 45,060 | -10,800 | -7,300 | -3,510 | -1,400 | -1,620 | |||||||||||||
j. | -6,800 | -6,800 | ||||||||||||||||||||||
Bal. | 22,300 | 18,600 | 950 | 1,220 | 27,000 | -6,800 | 45,060 | -10,800 | -7,300 | -3,510 | -1,400 | -1,620 |
Required:
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 ownerCash received from customers | $Cash received from customers | |
Cash received as owner's investmentCash paid for expenses and to creditorsCash withdrawal by ownerCash paid for expenses and to creditors | Cash paid for expenses and to creditors | |
Net cash flow from operating activitiesNet cash flow used for operating activitiesNet cash flow used for operating activities | $Net cash flow used for operating activities | |
Cash flows from (used for) investing activities | fill in the blank 5acb3afacfd801b_7 | |
Cash flows from (used for) financing activities: | ||
Cash received from owner as investmentCash received from customersCash paid for expenses and to creditorsCash received from owner as investment | $Cash received from owner as investment | |
Cash received from customersCash paid for expenses and to creditorsCash withdrawal by ownerCash withdrawal by owner | Cash withdrawal by owner | |
Net cash flow from financing activitiesNet cash flow used for financing activitiesNet cash flow from financing activities | Net cash flow from financing activities | |
Net decrease in cashNet increase in cashNet increase in cash | $Net increase in cash | |
Cash balance, August 1, 20Y2 | fill in the blank 5acb3afacfd801b_16 | |
Cash balance, August 31, 20Y2 | $fill in the blank 5acb3afacfd801b_17 |
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