Labels used are below

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 owners equity
Increase in owners equity
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 owners equity
Withdrawals

Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow:

Assets				= Liabilities	+ Owners Equity
	Cash	+ Accounts Receivable	+ Supplies	= Accounts Payable	+ Seth Feye, Capital	- Seth Feye, Drawing	+ Fees Earned	- Salaries Expense	- Rent Expense	- Auto Expense	- Supplies Expense	- Misc. Expense
a.	+50,000				+50,000
b.			+7,000	+7,000
Bal.	50,000		7,000	7,000	50,000
c.	-3,600			-3,600
Bal.	46,400		7,000	3,400	50,000
d.	+110,000						+110,000
Bal.	156,400		7,000	3,400	50,000		110,000
e.	-33,000								-33,000
Bal.	123,400		7,000	3,400	50,000		110,000		-33,000
f.	-20,800									-16,000		-4,800
Bal.	102,600		7,000	3,400	50,000		110,000		-33,000	-16,000		-4,800
g.	-55,000							-55,000
Bal.	47,600		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
i.		+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
j.	-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 owners equity for the Month Ended July 31, 20Y2.*

3.

Prepare a balance sheet as of July 31, 20Y2.*

4.

Prepare a statement of cash flows for the month ending July 31, 20Y2.*

*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.