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An analysis of the transactions made by Carla Vista & Co., a certified public accounting firm, for the month of August is shown below. The

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

Assume that August is the companys first month of business.

Prepare a balance sheet at August 31, 2020. (List Assets in order of liquidity.)

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