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An analysis of the transactions made by s moses amp co a

An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,900 for salaries, and $500 for utilities.

Instructions

(a) Describe each transaction that occurred for the month.

(b) Determine how much owner's equity increased for the month.

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Accounting Basics: An analysis of the transactions made by s moses amp co a

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Accounting Basics: An analysis of the transactions made by s moses amp co a

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