Current Attempt in Progress An analysis of transactions for Crane & Co

$.$

$$a certihed public accounting firm, for the month of August is shown as follows. The expenses were $

$600$

$$for rent $

$4700$

$$for salaries and wages, and $

$500$

$$for utilities Accounts

$+$

$$Receivable Accounts Payable Owner's Capital Owner's Drawings

$+$

$$Cash

$+$

$$Equipment Supplies

$+$

$+$

$$Revenu

$1$

$+$

$

$14\mathrm{.}900$

$+$

$

$14\mathrm{.}9002$

$-$

$1\mathrm{.}600$

$+$

$

$5\mathrm{.}000$

$+$

$

$3$

$,$

$4003$

$.$

$-$

$800$

$+$

$

$8004$

$+$

$5$

$,$

$400$

$+$

$

$3$

$,$

$700$

$+$

$

$9\mathrm{.}15$

$.$

$-$

$1$

$,$

$500$

$-$

$1$

$,$

$5006$

$.$

$-$

$2\mathrm{.}900$

$-$

$

$2$

$,$

$9007$

$.$

$-$

$6508$

$.$

$+$

$350$

$-$

$3509$

$.$

$-$

$4\mathrm{.}70010$

$+$

$500$

$$Assume that August is the company's first month of business. Prepare an income statement for August

$31$

$,$

$2022$

$$CRANE & CO

$.$

$$Income Statement For the Month Ended August

$31$

$,$

$2022$

$$Revenues Service Revenue

$9100$

$$Expenses Rent Expense

$650$

$$Salaries and Wages Expense

$4700$

$$Utilities Expense

$500$

$$Total Expenses

$5850$

$$Net Income

$/($

Loss

$)$

$$$ sy Prepare an owner's equity statement for August

$31$

$,$

$2022$

$.$

$($

List items that increase owner's equity first.

$)$

$$CRANE & CO

$.$

$$Owner$\text{'}$s Equity Statement : $ $