An analysis of the transactions made by Crane & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650for rent, $4,700for salaries and wages, and $500for utilities.

Exercise 1-09 a1-a3 An analysis of the transactions made by Crane & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,700 for salaries and wages, and $500 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment = Payable + Capital Drawings + Revenues Expenses 1. $14,900 $14,900 2. -1,600 $5,000 $3,400 3. 800 $800 4. 5,400 $3,700 $9,100 5. -1,500 1,500 6. 2,900 $2,900 7. 650 -$650 8. 350 350 9. 4,700 4,700 10. 500 500 Assume that August is the company's rst month of business. \fPrepare an owner's equity statement for August 31, 2020. (List items that increase owner's equity TI CRANE & CO. Owner's Equity Statement LA $ V V VPrepare a balance sheet at August 31, 2020. (List Assets in order of liquidity.) CRANE & CO. Balance Sheet $ V $ Liabilities and Owner's Equity V $ V