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An analysis of transactions for S. Moses & Co. was presented in E1–8

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E1-9 An analysis of transactions for S. Moses & Co. was presented in E1–8.

Instructions

Prepare an income statement and an owner’s equity statement for August and a balance sheet at
August 31, 2010.

data from E1-8

Accounts Office Accounts S. Moses, S. Moses,
Cash Receivable Supplies Equipment Payable Capital Drawings Revenues Expenses
1.$15,000 $15,000
2. 2,000 $5,000 $3,000
3. 750 $750
4. 4,600 $3,700 $8,300
5. 1,500 1,500
6. 2,000 $2,000
7. 650 −$650
8. 450 450
9. 4,900 4,900
10. 500 −500

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