In this exercise, you will create an income statement, statement of owner’s equity, and balance sheet...

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In this exercise, you will create an income statement, statement of owner’s equity, and balance sheet...

In this exercise, you will create an income statement, statement of owner’s 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

business accounting

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