Jose Loder established Bronco Consulting on August 1, 2016. The effect of each transaction and the balances after each transaction for August follow:

Instructions:

1. Prepare an income statement for the month ended August 31, 2016.

2. Prepare a statement of owner’s equity for the month ended August 31, 2016.

3. Prepare a balance sheet as of August 31, 2016.

4. (Optional) Prepare a statement of cash flows for the month ending August 31, 2016.

Assets Liabilities+ Owner's Equity Accounts Accounts Jose Loder, Jose Loder, Sles Rent Auto Spplies Misc. Cash + Receivable + Supplies = Payable + Capital - Drawing Earned - Expense-Expense-Expense-Expense-Expense +75,000 a. +75,000 b. Bal. 75,000 C. +92,000 Ba. 167,000 d. Ba 140,000 e. Ba. 134,000 +9,000 +9,000 9,000 9,00075,000 +92,000 92,000 9,000 9,00075,000 -27,000 -27,000 27,000 9,000 9,00075,000 6,000 3,000 75,000 92,000 -6,000 9,000 92,000 +33,000 125,000 -27,000 +33,000 Ba 134,000 33,000 g 23,000 Bal 111,000 33,000 h. -58,000 Ba 53,000 33,000 9,000 3,000 75,000 -27,000 -15,500 -27,000 -15,500 -7,500 -7,500 9,000 3,000 75,000 125,000 -58,000 3,000 75,000 125,000 58,000 27,000 -15,500 9,000 -6,100 2,900 -7,500 6,100 Ba 53,000 33,000 3,000 75,000 125,000 -58,000 27,000 -15,500 6,100 7,500 15,000 -15,000 Ba 38,000 33,000 2,900 3,000 75,000 15,000 125,000 58,000 27,000 -15,500-6,100 7,500