Question

please help me 1-4

Instructions Assets Liabilities + Owners Equity Seth Seth Accounts Accounts Fees Salarios Reni Auto Misc Supe Feye, Faye. + Cash Receivable Payable - Capital Supplies Drawing Earned Expense Expense Expense Expense Expense +52,000 a 52.000 D +6,200 .6.200 6,200 6.200 52,000 -3.400 6.200 2.800 52.000 Bal. 52,000 -3,400 Bal 48.000 6.100,000 Ba, 154,600 -33.600 +100,000 100,000 5,200 2.000 52.000 -33,000 6,200 2.800 52.000 106,000 33.600 - 14.400 Bal 121,000 f. -21,300 Bal. 99,700 -60,000 -6,900 6,000 6,200 2.800 52,000 106,000 33.000 - 14.400 -60,000 -80,000 Bai. 39.700 6.200 2.800 52,000 108,000 -33,600 - 14.400 -6.900 -3.800 h -3.800

Answer 1

139,000 Reliance Financial Services Income Statement For the Month Ended July 31, 2019 Revenues Fees Earned Expenses Salaries Expense Rent Expense Auto Expense Supplies Expense Misc. Expense Total Expenses Net Income 60,000 33,600 14,400 3,800 6,900 118,700 20,300 Statement of Owners Equity For the Month Ended July 31, 2019 Seth Feye, Capital, July 1, 2019 Investment by owner Net Income 52,000 20,300 72,300 (17,000) Less: Withdrawals Increase in owners equity Seth Feye, Capital, July 31, 2019 55,300 55,300

Reliance Financial Services Balance Sheet As of July 31, 2019 Assets Liabilities & Owners Equity Current Assets Current Liabilities Cash 22,700 Accounts Payable Accounts Receivable 33,000 Supplies 2,400 Owners Equity Capital 2,800 55,300 Total Assets 58,100 Total Liabilities & Owners Equity 58,100

106,000 Reliance Financial Services Cashflow Statement For the Month Ended July 31, 2019 Cash flows from Operating Activities Cash received from customers Cash paid to employees Cash paid for rent Cash paid for auto and misc. expenses Cash paid to creditors Cash payments for expenses and payments to creditors Net Cash Provided/(Used) by Operating Activities 60,000 33,600 21,300 3,400 118,300 (12,300) Cash flows from Investing Activities Net Cash Provided/(Used) by Investing Activities 52,000 (17,000) Cash flows from Financing Activities Cash received as owners investments Cash withdrawals Net Cash Provided/(Used) by Financing Activities Net Change in Cash Cash at Beginning of Period Cash at End of Period 35,000 22,700 22,700