part 1
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Problem 4-5A Record transactions, post to the Cash T-account, and prepare the statement of cash flows (L04-7) [The following information applies to the questions displayed below) Rocky owns and operates Balboa's Gym located in Philadelphia The following transactions occur for the month of October 1. October 2 Receive membership dues for the month of October totaling 55 see. 2.. October 5 Issue common stock in exchange for cash. $12.000 3. October 9 Purchase additional boxing equipment for $9.6eo, paying one-half of the mount in cash and issuing a note payable to the seller for the other one-t due by the end of the Year 4. October 12 Pay $1,500 for advertising regarding plannenberp rate available during the month of October 5. October 19 Pay dividends to stockholders. 34.400 6. October 22 Pay liability insurance to cover accident cu bus for the next six months to November $6.sec. 7 October 25 Receive cash in advance for Novembership 3.500 ktober 18 Receive but not thy utilettes bllohet. Se October 31 Payployees salaries for the month 100 Problem 4.5A Part 1 Required: 1. Record each transaction of no entry is required for a transaction event, select No Journal Entry Required in the first account fields V Journal entry worksheet ssessment Component (L04- (The following Information applies to the questions displayed below.) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October 1. October 2 Receive membership dues for the month of October totaling $8.500. 2. October 5 Issue common stock in exchange for cash, $12.690. 3 October 9 Purchase additional boxing equipment for $9,688, paying one-half of the amount in cash and issuing 4 note payable to the seller for the other one-half due by the end of the year. 4. October 12 Pay $1,500 for advertising regarding a special membership rate available during the month of October 5. October 19 Pay dividends to stockholders, $4,4ee. 6. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1 56.900. 7. October 25 Receive cash in advance for November memberships. 35.600 8. October 30 Receive, but do not pay, utilities bill for the month, $.288 9. October 31 Pay esployees' salaries for the month. $7.10. Problem 4.5A Part 1 Required: 1. Record each transaction of no entry is required for a transaction event, select "No Journal Entry Required" in the first accoun field View reaction October Receive Renbership dues for the month of October totaling Datorer SISU Coron stock in exchange for cash $112.00 a. bctober 9 Purchase additional baking equipment for $9.600 payin one-nal of and in note payable to the seller for the other one haldunt the end 4. oktober 12 Pay 31 see for advertising regarding pembership rute avalduring that 5. October 19 Pay dividends to stackholders $4.486. 5. October 22 Pay liability insurance to cover accidents to webers for the the starting Neder1 October 25 Receive cash in advance for Novemberberships 55,600 8. October 30 Receive, but do not pay utilities bill for the month 352 9. October 31 Pay playees salaries for the conth, $7,300 56 Problem 4-5A Part 1 Rerences Required: 1. Record each transaction. (li no entry is required for a transaction event select "No Journal Entry Required" in the first account field.) View rection in Journal entry worksheet 2 13 4 35 8 Record receipt of membership dues for the month of October tota in 55.500. D Deg Crea Bora Octobe02 CH TANAMAN
