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Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction

Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow:

Assets =Liabilities + Stockholders Equity
Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc.
Cash + Receivable + Supplies = Payable + Stock - Dividends + Earned - Expense - Expense - Expense - Expense - Expense
a. +50,000 +50,000
b. +7,000 +7,000
Bal. 50,000 7,000 7,000 50,000
c. -3,600 -3,600
Bal. 46,400 7,000 3,400 50,000
d. +110,000 +110,000
Bal. 156,400 7,000 3,400 50,000 110,000
e. -33,000 -33,000
Bal. 123,400 7,000 3,400 50,000 110,000 -33,000
f. -20,800 -16,000 -4,800
Bal. 102,600 7,000 3,400 50,000 110,000 -33,000 -16,000 -4,800
g. -55,000 -55,000
Bal. 47,600 7,000 3,400 50,000 110,000 -55,000 -33,000 -16,000 -4,800
h. -4,500 -4,500
Bal. 47,600 2,500 3,400 50,000 110,000 -55,000 -33,000 -16,000 -4,500 -4,800
i. +34,500 +34,500
Bal. 47,600 34,500 2,500 3,400 50,000 144,500 -55,000 -33,000 -16,000 -4,500 -4,800
j. -15,000 -15,000
Bal. 32,600 34,500 2,500 3,400 50,000 -15,000 144,500 -55,000 -33,000 -16,000 -4,500 -4,800

Prepare a statement of cash flows for the month ending July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. You will not need to enter colons (:) on the financial statements. If an amount is zero, enter "0".

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