An analysis of the transactions made by S. Moses Co., a certified piblic accounting firm, for the month of August is shown below.

An analysis of the transactions made by S. Moses & Co., a certified piblic accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,900 for salaries and $500 for utilities.Describe each transaction that ocurred for the month.Determinate how much owner's equity increased for the month. Compute the amount of net income for the month.