- Jose Loder Established Bronco Consulting On August 1 2019 The Effect Of Each Transaction And The Balances After Each T 1 (33.86 KiB) Viewed 11 times
Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow: Liabilities + Owner's Equity a. +34,150 b. Bal. 34,150 +33,470 Bal. 67,620 d. -9,200 Bal. 58,420 -1,430 Bal. 56,990 f. Bal. 56,990 9. -6,490 Bal. 50,500 h. -13,700 Bal. 36,800 C. e. Cash + i. Bal. 36,800 j. -8,500 Bal. 28,300 Required: Assets Accounts Receivable + +23,600 23,600 23,600 23,600 23,600 23,600 Supplies = +2,970 2,970 2,970 2,970 2,970 2,970 2,970 2,970 -1,700 1,270 = 1,270 Accounts Payable + +2,970 2,970 2,970 2,970 -1,430 1,540 1,540 1,540 1,540 1,540 1,540 Jose Loder Capital - +34,150 34,150 34,150 34,150 34,150 34,150 34,150 34,150 34,150 34,150 Jose Loder Drawing + -8,500 -8,500 Fees Earned - +33,470 33,470 33,470 33,470 +23,600 57,070 57,070 57,070 57,070 57,070 Salaries Expense - -13,700 -13,700 -13,700 -13,700 Rent Auto Supplies Expense - Expense - Expense - -9,200 -9,200 -9,200 -9,200 -9,200 -9,200 -9,200 -9,200 -4,440 -4,440 -4,440 -4,440 -4,440 -1,700 -1,700 -1,700 Misc. Expense -2,050 -2,050 -2,050 -2,050 -2,050
4. Prepare a
statement of cash flows for the month ending August 31, 2019. For those boxes in which no entry is required, enter "0". Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Bronco Consulting
Statement of Cash Flows For the Month Ended August 31, 2019 Cash flows from operating activities: Cash receipts from customers Cash payments for expenses and payments to creditors Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Cash receipt as owner's investment Cash withdrawal by owner Net cash flow from financing activities Net increase in cash and August 31, 2019, cash balance 00 00