Required information Problem 4-5B 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! Peter loves dogs and cats. For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions 1. June 3 Obtain cash by borrowint $21.000 from the bank by tamine note. 9.Tune Pynt to the current onth $1,500 3. 1 Provide revice to customers. 51,000 tot cu und $2.100 scout 4 June 11 Purchase and equipment recent to maintain the hils $7.000 ch June 17 Peployees for the first halt of the auth. $5.100. Tome 2 divided to takeholdes. 11.200 1. Tue 25 ve cash and customer who wants to house has two dogs (Chance and Shadow) adost (Sansy) while he one on vacation the oth of July. 11.400. June 26 Ptilities for the month $1.900 0. Jun 30 second sales and by mployees for the second halt of the month. 15.100. Payment will be made on July NO General Joumal 1 Credit no Cash Debit 21000 Noles Payable 21 000 72 2 June 03 Rente Canh 0 1.500 1.500 June 07 Cash Accounts Receivable Service Revenue 3800 2.100 O 5.900 A 11 Equipment Cash 00 7000 7.000 SE Cash 5.100 6.100 June 2 Ows Cash 1200 7 June 1.200 Cash 1100 * 1.000 00 5.100 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating, investing, and financing activities Assume that the balance of cash at the beginning of June is $13,300 (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows.) HOMEWARD BOUND Statement of Cash Flows For the month anded June 30 Cash Flows from Operating Activities Cash flows From customers Cash outflows For rent For salaries For (1500 (5.100 (1.900 Nutcash flows from operating activities Cash Flows from investing Activities Purch met $ (4700) 17.000 7.000) Natashows trom investing activities Cash Flows Financing Acties Pay dividende Borrow from bank (1200) 21 000 Nettoom facing Nincrease 19.000 9.500 Required information Problem 4-5B 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! Peter loves dogs and cats. For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions 1. June 3 Obtain cash by borrowint $21.000 from the bank by tamine note. 9.Tune Pynt to the current onth $1,500 3. 1 Provide revice to customers. 51,000 tot cu und $2.100 scout 4 June 11 Purchase and equipment recent to maintain the hils $7.000 ch June 17 Peployees for the first halt of the auth. $5.100. Tome 2 divided to takeholdes. 11.200 1. Tue 25 ve cash and customer who wants to house has two dogs (Chance and Shadow) adost (Sansy) while he one on vacation the oth of July. 11.400. June 26 Ptilities for the month $1.900 0. Jun 30 second sales and by mployees for the second halt of the month. 15.100. Payment will be made on July NO General Joumal 1 Credit no Cash Debit 21000 Noles Payable 21 000 72 2 June 03 Rente Canh 0 1.500 1.500 June 07 Cash Accounts Receivable Service Revenue 3800 2.100 O 5.900 A 11 Equipment Cash 00 7000 7.000 SE Cash 5.100 6.100 June 2 Ows Cash 1200 7 June 1.200 Cash 1100 * 1.000 00 5.100 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating, investing, and financing activities Assume that the balance of cash at the beginning of June is $13,300 (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows.) HOMEWARD BOUND Statement of Cash Flows For the month anded June 30 Cash Flows from Operating Activities Cash flows From customers Cash outflows For rent For salaries For (1500 (5.100 (1.900 Nutcash flows from operating activities Cash Flows from investing Activities Purch met $ (4700) 17.000 7.000) Natashows trom investing activities Cash Flows Financing Acties Pay dividende Borrow from bank (1200) 21 000 Nettoom facing Nincrease 19.000 9.500