1- An analysis of the transactions made by Liam Agler & Co., a certified public accounting...

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1- An analysis of the transactions made by Liam Agler & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,800 for salaries and wages, and $500 for utilities. Owner's + Drawings + Supplies + Equipment = Accounts + Payable Cash Owner's Accounts Receivable Revenues Expenses Capital +$15,000 1. +$15,000 2. -2,000 +$5,000 +$3,000 3. -750 +750 4. +$3,900 +$8,500 +4,600 -1,500 -2,000 5. -1,500 6. -$2,000 7. -650 -650 8. +450 -450 9. -4,800 -4,800 10. +500 -500 INSTRUCTIONS Based on Assignment 2: Prepare an income statement and an owner's equity statement for August and a balance sheet at August 31, 2014. Assume that August is the company's first month of business. 1- An analysis of the transactions made by Liam Agler & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,800 for salaries and wages, and $500 for utilities. Owner's + Drawings + Supplies + Equipment = Accounts + Payable Cash Owner's Accounts Receivable Revenues Expenses Capital +$15,000 1. +$15,000 2. -2,000 +$5,000 +$3,000 3. -750 +750 4. +$3,900 +$8,500 +4,600 -1,500 -2,000 5. -1,500 6. -$2,000 7. -650 -650 8. +450 -450 9. -4,800 -4,800 10. +500 -500 INSTRUCTIONS Based on Assignment 2: Prepare an income statement and an owner's equity statement for August and a balance sheet at August 31, 2014. Assume that August is the company's first month of business.