E1-9 An analysis of transactions for S. Moses & Co. was presented in E1–8. Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2008.

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An analysis of the transactions made by S. Moses & Co., a certified public accounting

firm, for the month of August is shown below. Each increase and decrease in stockholders’ equity

is explained.

Instructions:
Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2008.