Problem 1-3B
Score:
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
1.
Expenses:
Total expenses
Net income
2.
Retained earnings, August 1, 2014
Retained earnings, August 31, 2014
3.
Assets
Total stockholders’ equity
Total assets Total liabilities and stockholders’ equity
4.
Cash flows from operating activities:
Cash received from customers
Cash payments for expenses and
payments to creditors
Net cash flow used for operating activities
Cash flows from investing activities
Cash flows from financing activities:
Cash received from issuing capital stock
Cash dividends
Net cash flow used from financing activities
Net increase in cash and August 31, 2014, cash balance
[Key code here]
BRONCO CONSULTING
Stockholders‘ Equity
BRONCO CONSULTING
Balance Sheet
Name:
Section:
0%
BRONCO CONSULTING
Statement of Cash Flows
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Liabilities
Income Statement
BRONCO CONSULTING
Retained Earnings Statement
Problem 1-3B
Instructions
For the Month Ended August 31, 2014
Capital stock
Retained earnings
BRONCO CONSULTING
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
1.
Fees earned 125,000$
3.
Assets
Cash 48,000$ 3,000$
Name:
Section:
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
Solution
For the Month Ended August 31, 2014
Accounts payable
Liabilities
BRONCO CONSULTING
ON
Balance Sheet
August 31, 2014
BRONCO CONSULTING
Income Statement
An asterisk (*) will appear to the right of an incorrect entry.
For the Month Ended August 31, 2014
BRONCO CONSULTING