Acc280 Financial Accounting: E1-9 An analysis of transactions for S. Moses & Co

Acc280 Financial Accounting
E1-9
An analysis of transactions for S. Moses & Co. was presented in E1-8 (shown above).
Cash Accounts Receivable Supplies Office Equipment = Accounts Payable Stockholder's Equity
1 +$15,000 +$17,000 Investment
2 -2,000 +$5,000 +$3,000
3 -750 -$750
4 -4,600    +$3,700 +8,300 Service Revenue
5 -1,500   -1,500
6 -2,000 -2,000 Dividends
7 -650 -650 Rent Expense
8 450       -450
9 -4,900 -4,900 Salaries Expense
10     +500 -500 Utilities Expense

Instructions
Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2008.
Powered by