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Required information Problem 4-SA 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-SA 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 menbership dues for the month of October totaling $8.5ee. 2. October 5 Issue common stock in exchange for cash, $12,000. 3 October 9 Purchase additional boxing equipment for 59,686, paying one-halt of the amount in cash and Issuing a note payable to the seller to the other net due by the end of the year 4. October 12 Pay $1,500 for advertising regarding a special membership rale available during the month of October 5. October 19 Pay dividends to stockholders, $4.40 6. October 22 Pay liability Insurance to cover accidents to members for the maxt six months starting huveien 1 $6.900. 7. October 25 Receive cash in advance to November neubers, 55.6ee. 8. October 30 Receive, but do not pay, utilities til for the month, 55,200. 9. October 31 Pay employees salaries for the month $7.388. Problemi 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 Taccount Cash DO
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