Question: Jose Loder established Bronco Consulting on August 1 , 2 0 Y 1 . The effect of each transaction and the balances after each transaction
Jose Loder established Bronco Consulting on August Y The effect of each transaction and the balances after each transaction for August follow: Prepare an income statement for the month ended August Y
Bronco Consulting
Income Statement
For the Month Ended August Y
Prepare a statement of stockholders' equity for the month ended August Y If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were Prepare a statement of stockholders' equity for the month ended August If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were
paid, enter that amount as a negative number using a minus sign.
Bronco Consulting
Statement of Stockholders' Equity
For the Month Ended August Y
Prepare a balance sheet as of August When entering assets, elfter them in order of liquidity.
Bronco Consulting
Balance Sheet
August Y
Line Item Description
$
Total assets
$ Total assets
Prepare a statement of cash flows for the month ending August If an amount box does not require an entry, leave it blank. Use the minus sign to indicate cash outflows, cash
payments, and decreases in cash.Total liabilities and stockholders' equity
Prepare a statement of cash flows for the month ending August If an amount box does not require an entry, leave it blank. 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 Y
Line Item Description
Amount
Amount
Cash flows from used for operating activities:
Cash flows from used for investing activities:
Cash flows from used for financing activities:
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