Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month...

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Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October: 1. October 2 2. October 5 3. October 9 4. October 12 5. October 19 Receive membership dues for the month of October totaling $9,300. Issue common stock in exchange for cash, $10,000. Purchase additional boxing equipment for $7,800, 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. Pay $1,300 for advertising regarding a special membership rate available during the month of October. Pay dividends to stockholders, $2,600. Pay liability insurance to cover accidents to members for the next six months, starting November 1, 6. October 22 $8,160. 7. October 25 Receive cash in advance for November memberships, $6,400. 8. October 30 Receive, but do not pay, utilities bill for the month, $3,400. 9. October 31 Pay employees' salaries for the month, $8,100. Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assume the balance of cash at the beginning of October is $14,800. Post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating, investing, and financing activities. Assume that the balance of cash at the beginning of October is $14,800. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October: 1. October 2 2. October 5 3. October 9 4. October 12 5. October 19 Receive membership dues for the month of October totaling $9,300. Issue common stock in exchange for cash, $10,000. Purchase additional boxing equipment for $7,800, 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. Pay $1,300 for advertising regarding a special membership rate available during the month of October. Pay dividends to stockholders, $2,600. Pay liability insurance to cover accidents to members for the next six months, starting November 1, 6. October 22 $8,160. 7. October 25 Receive cash in advance for November memberships, $6,400. 8. October 30 Receive, but do not pay, utilities bill for the month, $3,400. 9. October 31 Pay employees' salaries for the month, $8,100. Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assume the balance of cash at the beginning of October is $14,800. Post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating, investing, and financing activities. Assume that the balance of cash at the beginning of October is $14,800. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4