5 points eBook References Problem 4-5B (Algo) Record transactions, post to the Cash T-account, and prepare the statement of cash flows (L04-7) Peter loves dogs and cats. For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions: 1. June 02 2. June 03 3. June 07 4. June 11 5. June 17 Pay employees' salaries for the first half of the month, $4,700. 6. June 22 7. June 25 Obtain cash by borrowing $20,000 from the bank by signing a note. Pay rent for the current month, $1,000. 8. June 28 9. June 30 Provide services to customers, $3,400 for cash and $1,700 on account. Purchase cages and equipment necessary to maintain the animals, $6,600 cash. Pay dividends to stockholders, $1,100. Receive cash in advance from a customer who wants to house his two dogs (Chance and Shadow) and cat (Sassy) while he goes on vacation the month of July, $1,200. Pay utilities for the month, $1,500. Record salaries earned by employees for the second half of the month, $4,700. Payment will be made on July 2. Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assuming the balance of cash at the beginning of June is $12,900, post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating, investing, and financing activities. Assume that the balance of cash at the beginning of June is $12,900.

Required: 1. Record each transaction. 2. Identify the transactions involving cash. 3. Assuming the balance of cash at the beginning of June is $12,900, post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating, investing and financing activites. Assume that the balance of cash at the beginning of June is $12,900. Complete this question by entering your answers in the tabs below. Assuming the balance of cash at the beginning of June is $12,900, post each cash transaction to the Cash T-account. Prepare a statement of cash fows for the mocth of June, properfy classfying each of the cash transactions into operating. investing, and financing activities. Assume that the balance of cash at the beginning of June is $12,900. (Ust cash outhlows investing, and financing activities. Assume that the balance of cash at the beginning of June is $12,900. (Ust cash outhows cash flows.) Problem 4-5B (Algo) Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) Peter loves dogs and cots. For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions: 1. June 22 obtain cash by borrowing $20, eeo from the bank by signing a note. 2. June 93 Pay rent for the current month, $1,600. 3. June o7 Provide services to custosers, $3,460 for cash and $1,700 on account. 4. June 11 Purchase cages and equipment necessary to maintain the animals, $6,600 cash. 5. June 17 Pay employees' salaries for the first halt of the nonth, 54,70 . 6. June 22 Pay dividends to stockholders, $1,100. 7. June 25 Receive cash in advance froe a custoser who wants to house his two dogs (Chance and 5 hadow) and cat (Sassy) White be goes on vacation the month of juty, 51,200 . 8. June 28 Pay utilities for the nonth, $1,50a. 9. June 30 Record salaries earned by erployees for the second half of the month, 54,700 . Payent witl be nade on July Required: 1. Record each transaction. 2. Identify the transactions imvolving cash. 3. Assuming the balance of cash at the beginning of June is $12,900, post each cash transaction to the Cash T-account. 4. Prepare a statement of cash flows for the month of June, properly classifying each of the cash transactions into operating. investing. and financing activities. Assume that the balance of cash at the beginning of June is $12,900