How much owners equity increased for the month

Reference no: EM13154683

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

a) Describe each transaction that ocurred for the month.

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

c) Compute the amount of net income for the month.

Reference no: EM13154683

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