An analysis of the transactions made by Foley & Co. a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities Stod Accounts Receivable Supplies Equipment Accounts Payable Common Stock $15,000 Revenues Ex 1. 2. 3. +$5,000 +$3,000 +$750 +$9,400 + $4,500 Cash +$15.000 -2.000 -750 +4,900 -1,500 -2.000 -850 +450 -3.900 - 1,500 5. 6. 7 8. -450 9. 10. +500 An analysis of the transactions made by Foley & Co, a certified public accounting firm, for the month of August, its first month of operations is shown below Liabilities Stockholders' Equity Retained Earnings Accounts Payable es Equipment Common Stock +$15,000 Revenues Expenses Dividend +$5,000 +$3.000 50 +$9.400 Service Revenue - 1,500 -$2.000 -$850 Rent Expense -3.900 --500 Salaries/Wages Expense Utilities Expense +500 Prepare an income statement for August. Foley & Co. Income Statement For the Month Ended August 31, 2020 Expenses 17150 Total Revenues $ 850 3900 1 500 Total Expenses 4150 Net Income /(Loss 4150 e Textbook and Media List of Accounts Savifor Later Attempts: unlimited Submit