Please answer Take Home Quiz #4 question A.

The first two documents are needed to answer it the first are the accounts previous and the second are the answers.

'11 Verizon 6:58 PM * 35%) Done 1 of 6 ACCT 2100 Fall 2017 Chapier 3 Take Home Quiz The following account balances aprovided for Modern Communications. Inc at July 31, 2017: Balanse Cash Accounts receivable Interest receivable S 250,000 170,000 38,000 6,000 Spare parts and supplies Propaid insurance Equipment (net) Accounts payable Intcrest payable Salarics payable Uncarned revenue Bank lon due October 1, 20118 Common stock (no par) Retained camings 486,850 40,000 50,000 84700 All Augast 2017 transactions follow I, Provided services on account Sor a otal of S395,000, 2. Customers rodecmed gift cards for $18,000 in scrvices 3. Used $16,000 parts andsupplies 4. Sold an ive met costing S8,000 for $5,000 cash. . Paid acounts payable of $67,000. 6, Colected 3206,000on customer accounts 7, Issued common stock for $75,000 8 Punchased $35,000 of oquipment in exchange for a note paryable du on Mach 1, 2018 Paid $86,000 for employee scrvices S36,000 was for July services and $9,000 was for services to be performed in September. 10. Received a $1,200 bill for August usilities 11. Paid $2,350 for August radio advertisements 12. Received an interest payment $450 including the interest accrued 13. Paid $9,000 for August rent. 7/31/2017. Rquired Propare T-accounes for cach of the accounts provided Enter beginning halances Record each ofthe Augu transact ons in the T.accounts and cakulate ending balance for each account. Create newaccounts as necessary b. Calculate cash flows from operations for the month ending August 31,2017 Prepare a classified income statement for the month of August in good form