An analysis of the transactions made by S. Moses &

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.
S. Moses, S. Moses, Accounts Payable + Capital +$15,000 Accounts Office + Receivable + Supplies +Equipment Drawings + Re

Instructions
(a) Describe each transaction that occurred for the month.
(b) Determine how much owner€™s equity increased for the month.
(c) Compute the amount of net income for themonth.

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