E1-9 - Balance Sheet August 31, 2008 Assets Cash $8,250...

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Income Statement For the Month Ended August 31, 2008 Service revenue $8,300 Rent Expense $650.00 Salaries expense $4,900.00 Utilities Expense $500.00 Total Expenses  6,050 Net income $2,250 Owner’s equity statement For the Month Ended August 31, 2008 Investments +$15,000.00 Net income  $ 2,250.00 $17,250 $17,250 Drawings $2000 One’s Capital $15,250
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Unformatted text preview: Balance Sheet August 31, 2008 Assets Cash $8,250 Accounts Receivable $3,250 Supplies $750 Office equipment $5,000 Total Assets $17,250 Liabilities and owners equity statement Accounts Payable $2000 Total Liabilities $2000 Owners Equity S. Moses and Co Capital $15,250 Total Liabilities and owners equity $17,250...
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This note was uploaded on 10/19/2008 for the course ACCT 220 taught by Professor Shivn.goyal during the Fall '08 term at Maryland.

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E1-9 - Balance Sheet August 31, 2008 Assets Cash $8,250...

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