Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow: Transcribed Image

Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transaction and the balances after each transaction for August follow: Transcribed Image Text: Owner’s Equity
Assets
=Liabilities+
Jose Loder,
Сaptal
Jose Loder,
DrawingEarned – Expense Expense -Expense- Expense Expense
Salaries
Supplies
Misc
Accounts
Accounts
Fees
Rent
Auto
Receivable + Supplies = Payable
Cash
+75,000
+75,000
а.
+9,000
b.
+9,000
Bal
75,000
9,000
9,000
75,000
+92,000
+92,000
C.
Bal
9,000
167,000
9,000
75,000
92,000
d.
-27,000
-27,000
Bal
-27,000
140,000
9,000
9,000
75,000
92,000
-6,000
-6,000
е.
Bal
27,000
134,000
9,000
3,000
75,000
92,000
f.
+33,000
33,000
Bal.
134,000
75,000
125,000
-27,000
33,000
9,000
3,000
15,500
-23,000
-7,500
g.
Bal
111,000
125,000
27,000 -15,500
33,000
9,000
3,000
75,000
-7,500
h.
-58,000
-58,000
58,00027,000 -15,500
Bal.
33,000
9,000
75,000
53,000
3,000
125,000
-7,500
-6,100
-6,100
Bal
33,000
2,900
3,000
-7,500
53,000
75,000
125,000
-58,000 -27,000 -15,500 -6,100
j.
-15,000
15,000
Bal
33,000
-15,000
125,000
-58,000 -27,000 -15,500 -6,100
-7,500
38,000
2,900
3,000
75,000
Instructions
1. Prepare an income statement for the month ended August 31, 2019
2. Prepare a statement of owner’s equity for the month ended August 31, 2019
3. Prepare a balance sheet as of August 31, 2019
4. (Optional) Prepare a statement of cash flows for the month ending August 31, 2019.