An analysis of the transactions made by Carla Vista & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $700 for rent, $3,800 for salaries and wages, and $500 for utilities.

		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owners Capital		Owners Drawings	+	Revenues		Expenses
1.		$14,900										$14,900
2.		2,800						$5,000		$2,200
3.		750				$750
4.		5,500		$3,500												$9,000
5.		1,300								1,300
6.		1,900												$1,900
7.		700																$700
8.		350		350
9.		3,800																3,800
10.										500								500

Prepare an income statement for August 31, 2020.

CARLA VISTA & CO. Income Statement For the Month Ended August 31, 2020August 31, 2020For the Year Ended August 31, 2020
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments
		$
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments
	$
Drawings Expenses Net Income / (Loss) Owners Capital, August 1 Owners Capital, August 31 Revenues Total Expenses Total Revenues Investments
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments		$

SHOW LIST OF ACCOUNTS

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Prepare an owners equity statement for August 31, 2020. (List items that increase owner's equity first.)

CARLA VISTA & CO. Owners Equity Statement For the Year Ended August 31, 2020For the Month Ended August 31, 2020August 31, 2020
DrawingsExpensesNet IncomeOwners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments			$
AddLess :
Drawings Expenses Net Income Owners Capital, August 1 Owners Capital, August 31 Revenues Total Expenses Total Revenues Investments		$
Drawings Expenses Net Income Owners Capital, August 1 Owners Capital, August 31 Revenues Total Expenses Total Revenues Investments
AddLess : DrawingsExpensesNet IncomeOwners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments
DrawingsExpensesNet IncomeOwners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments			$

SHOW LIST OF ACCOUNTS