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Required Information 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
Required Information 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 $8,5e. 2. October 5 Issue common stock in exchange for cash, $12, eee. 3. October 9 Purchase additional boxing equipment for $9,6ee, paying one-half of the amount in cash and issuing a 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, $6,988. 7. October 25 Receive cash in advance for November memberships, $5,600. 8. October 30 Receive, but do not pay, utilities bill for the month, $5,200. 9. October 31 Pay employees' salaries for the month, $7,300. Problem 4-5A Part 2 2. Identify the transactions involving cash. (Select all that apply.) Problem 4-5A Part 2 2 Identify the transactions involving cash. (Select all that apply.) Check All That Apply October 2 October 5 October 9 October 12 October 19 October 22 October 25 October 30 October 31 Required Information Problem 4-5A Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) [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 $8,5ee. 2. October 5 Issue common stock in exchange for cash, $12, eee. 3. October 9 Purchase additional boxing equipment for $9,60, paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year. 4. October 12 pay $1,5ee for advertising regarding a special membership rate available during the month of October. 5. October 19 Pay dividends to stockholders, $4,400. 6. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1, $6,900. 7. October 25 Receive cash in advance for November memberships, $5,6e0. 8. October 30 Receive, but do not pay, utilities bill for the month, $5,200. 9. October 31 Pay employees' salaries for the month, $7,300. Problem 4-5A Part 3 3. Assume the balance of cash at the beginning of October is $16.600. Post each cash transaction to the cash T-account Cash 16,600 October 1 End. Bal 16,600
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