ARTHUR COOPER& CO Balance Sheet August 31, 2017 Assets 8,150 3,350 700 4,000 16,200 Cash Accounts Receivable Supplies Equipment Total Assets Liabilities and Owner's Equity Owner's Equity Owner's Capital 14,800 Total Liabilities Accounts Payable 1,400 Total Liabilities and Owner's Equity 16,200 Exercise 1-9 An analysis of the transactions made by Arthur Cooper & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $700 for rent, $5,300 for salaries and wages, and $400 for utilities Accounts Accounts Owner's Owner's Cash + Reccivable+ Suppliest EquipmentPayable CapitalDrawings + Revenues Expenses 1 $14,800 2.-1,800 -700 4,000 5. 1,200 6. 1,300 -700 350 -5,300 $14,800 $4,000 $2,200 3. $700 4. $3,700 $7,700 -1,200 -$1,300 -$700 8. -350 -5,300 -400 10. 400 Assume that August is the company's first month of business