Oct 1: Owners invest $30,000 cash.

5: Buy a machine for $5,000 cash.

10: Buy supplies on account, $980

15: Perform services for $9,300 cash.

20: Pay telephone, $325.

22: Pay owners $1400(drawing)

28: Pay 350 on account for the transaction of Oct 10^th.

1. Machine depreciated by $850
2. Supplies remaining = 500
3. Receive Con Ed bill, $700 (not paying now).
4. Owe the workers a salary of $1,500  
   1. Prepare three financial statements
      1. -Income statement
      2. -Capital statement
      3. -Balance sheet