+ Expenses 8. Incurred utility expenses for month on account $310. Instructions: (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column headings should be as follows: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Owner's Capital - Owner's Drawings +Revenues - Expenses. (b) Prepare an income statement for August, an owner's equity statement for August, and a balance sheet at August 31. Assets Liabilities Owner's Equity Accounts Notes Accounts Owner's Owner's Cash Receivable Supplies Equipment Payable Payable Capital Drawings + Revenues Bal. $5,300 $1,400 $900 $5,000 $4,500 $8,100 1. +1,100 -1,100 6,400 300 900 5,000 4,500 8,100 2. -2,500 -2,500 3,900 300 900 5,000 2,000 8,100 3. +3,900 +3,100 +$7,000 7,800 3,400 900 5,000 2.000 8,100 7,000 4. 800 +2,600 +1,800 7,000 + + + 11:28 + Expenses 8. Incurred utility expenses for month on account $310. Instructions: (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column headings should be as follows: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Owner's Capital - Owner's Drawings +Revenues - Expenses. (b) Prepare an income statement for August, an owner's equity statement for August, and a balance sheet at August 31. Assets Liabilities Owner's Equity Accounts Notes Accounts Owner's Owner's Cash Receivable Supplies Equipment Payable Payable Capital Drawings + Revenues Bal. $5,300 $1,400 $900 $5,000 $4,500 $8,100 1. +1,100 -1,100 6,400 300 900 5,000 4,500 8,100 2. -2,500 -2,500 3,900 300 900 5,000 2,000 8,100 3. +3,900 +3,100 +$7,000 7,800 3,400 900 5,000 2.000 8,100 7,000 4. 800 +2,600 +1,800 7,000 + + + 11:28