Question

Jose Loder established Bronco Consulting on August 1, 2014. The effect of each transaction and the balances after each transaction for August are shown below.


Instructions
1. Prepare an income statement for the month ended August 31, 2014.
2. Prepare a retained earnings statement for the month ended August 31, 2014.
3. Prepare a balance sheet as of August 31, 2014.
4. (Optional). Prepare a statement of cash flows for the month ending August 31,2014.


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  • CreatedFebruary 28, 2014
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