Question

Financial Statements ( I need last part (4) as sson as possible) please do all part thanks

Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow:

	Assets			=	Liabilities +	Owner's Equity
	Cash +	Accounts Receivable +	Supplies	=	Accounts Payable +	Jose Loder Capital -	Jose Loder Drawing +	Fees Earned -	Salaries Expense -	Rent Expense -	Auto Expense -	Supplies Expense -	Misc. Expense
a.	+24,790					+24,790
b.			+2,160		+2,160
Bal.	24,790		2,160		2,160	24,790
c.	+24,290							+24,290
Bal.	49,080		2,160		2,160	24,790		24,290
d.	-6,700									-6,700
Bal.	42,380		2,160		2,160	24,790		24,290		-6,700
e.	-1,040				-1,040
Bal.	41,340		2,160		1,120	24,790		24,290		-6,700
f.		+17,100						+17,100
Bal.	41,340	17,100	2,160		1,120	24,790		41,390		-6,700
g.	-4,710										-3,220		-1,490
Bal.	36,630	17,100	2,160		1,120	24,790		41,390		-6,700	-3,220		-1,490
h.	-9,900								-9,900
Bal.	26,730	17,100	2,160		1,120	24,790		41,390	-9,900	-6,700	-3,220		-1,490
i.			-1,200									-1,200
Bal.	26,730	17,100	960		1,120	24,790		41,390	-9,900	-6,700	-3,220	-1,200	-1,490
j.	-6,200						-6,200
Bal.	20,530	17,100	960		1,120	24,790	-6,200	41,390	-9,900	-6,700	-3,220	-1,200	-1,490

Required:

1. Prepare an income statement for the month ended August 31, 2019.

Bronco Consulting
Income Statement
For the Month Ended August 31, 2019
Fees earned		$
Expenses:
Salaries expense	$
Rent expense
Auto expense
Supplies expense
Miscellaneous expense
Total expenses
Net income		$

2. Prepare a statement of owner's equity for the month ended August 31, 2019. If an answer is zero, enter "0".

Bronco Consulting
Statement of Owner's Equity
For the Month Ended August 31, 2019
Jose Loder, capital,August 1, 2019		$
Investment on August 1, 2019	$
Net income for August
Withdrawals
Increase in owner's equity
Jose Loder, capital, August 31, 2019		$

3. Prepare a balance sheet as of August 31, 2019. When entering assets, enter them in order of liquidity.

Bronco Consulting
Balance Sheet
August 31, 2019
Assets
Cash	$
Accounts receivable
Supplies
Total assets	$
Liabilities
Accounts payable	$
Owner's Equity
Jose Loder, capital
Total liabilities and owner's equity	$

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 used for 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		$

Answer 1