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In this exercise, you will create an income statement, statement of owners equity, and balance sheet in Excel for Dragon, Inc. With the exception of

In this exercise, you will create an income statement, statement of owners equity, and balance sheet in Excel for Dragon, Inc. With the exception of the William Moss, Capital account (the balance for which is from 8/1/2016), the company had the following account balances as of 8/31/2016:

Supplies Expense

$1,800

Cash

$65,300

William Moss, Capital 8/1/2016

$73,200

Sales Revenue

$33,000

Land

$20,000

Accounts Payable

$3,000

Accounts Receivable

$1,600

Equipment

$12,000

Utilities Expense

$1,900

Telephone Expense

$2,000

Office Expense

$2,100

Auto Expense

$4,400

Service Revenue

$6,100

William Moss, Drawing

$4,200

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