Required Information Problem 4-5A Record transactions, post to the Cash T-account and prepare the statement of cash flows (L04-7 T.e following information applies to the questions displayed below) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October 1 October 2 Receive membership dues for the month of October totaling $8,588. 2. October 5 Issue common stock in exchange for cash, $12, ea. 3. October 9 Purchase additional boxing equipment for 59,6ee, paying one-half of the amount in cash and issuing a note payable to the seller fon the other one-half due by the end of the year 4. October 12 Pay $1,5ee for advertising regarding a special membership rate available during the month of October 5. October 19 Pay dividends to stockholders, 34,400 8. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1, $6,988 October 25 Receive cash in advance for November memberships, 55.500 8. October 3e Receive, but do not pay, utilities bill for the month, 55,20 9 October 31 Pay employees salaries for the month ed. Problem 4-5A Part 1 Required: 1. Record esch transaction. (If no entry is required for a transaction event. select "No Journal Entry Required in the first accou field.) Views Problem 4-5A Part 1 Required: 1. Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Record receipt of membership dues for the month of October totaling $8.500. Fatenter det bare General Journal Debit Credit Date October 02 View general jual Clea Prey 2. Identify the transactions involving cash. (Select all that apply.) Check All That Apply October 2 October 5 October 9 October 2 October 19 October olub 25 CAS note payable to the seller for the other one-half due by the end of the year. 4. October 12 Pay $1,500 for advertising regarding a special membership rate available during the non 5. October 19 Pay dividends to stockholders $4,400. 6. October 22 Pay liability insurance to cover accidents to members for the next six months, starting $6,989. 7. October 25 Receive cash in advance for November memberships, $5,6e8. 8. October 30 Receive, but do not pay, utilities bill for the month, $5,200. 9. October 31 Pay employees salaries for the month, $7,388. nces Problem 4-5A Part 3 3. Assume the balance of cash at the beginning of October is $16.600. Post each cash transaction to the cash Cash 16,800 October 1 End. Bal Problem 4-5A Part 4 Part 4 of 4 4. Prepare a statement of cash flows for the month of October properly classifying each of the cash transactions into operating investing, and finanong activities Assure that the balance of cash at the beginning of October is $16,600. (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows.) po BALBONS GYM Sta Cashow For the month oedictober Cash Flows from Operating Activities Cash inflows: Cash outflows: References Net cash flow from operating activities Cash Flows from investing Activities el cash flows from investing activities Casa Fiows from Financing Actives Ner case for fring activities 1. Deing of in LRUNISTA