a. Prepare T-accounts for each of the accounts provided.

b. Calculate cash flows from operations for the month ending August 31, 2017.

The following account balances are provided for Wintrust Technology, Inc.at July 31, 2017:

Cash $ 255,000

Accounts receivable 180,000

Interest receivable 200

Investments 40,000

Spare parts and supplies 42,000

Prepaid insurance 37,000

Equipment (net) 481,250

Accounts payable 89,000

Interest payable 400

Salaries payable 35,000

Unearned revenue 41,000

Bank loan due October 1, 2018 421,000

Common stock (no par) 347,000

Retained earnings 87,700

All August 2017 transactions follow:

1. Provided services on account for a total of $400,000.

2. Customers redeemed gift cards for $17,000 in services.

3. Used $15,000 in parts and supplies.

4. Sold an investment costing $7,000 for $5,000 cash.

5. Paid accounts payable of $68,000.

6. Collected $206,500 on customer accounts.

7. Issued common stock for $78,000.

8. Purchased $38,000 of equipment in exchange for a note payable due on March 1, 2018.

9. Paid $86,000 for employee services. $40,000 was for July services and $9,000 was for services to be performed in September.

10. Received a $2,000 bill for August utilities.

11. Paid $2,500 for August radio advertisements.

12. Received an interest payment $500 including the interest accrued at 7/31/2017.13.Paid $9,000 for August rent.