(Answered) Doug van buren established ohm computer services on july 1

Accounting

Doug Van Buren established Ohm Computer Services on July 1, 2010. The effect of each transaction and the balances after each transaction for July are shown at the top of the following page.

Instructions

1. Prepare an income statement for the month ended July 31, 2010.

2. Prepare a statement of owner's equity for the month ended July 31, 2010.

3. Prepare a balance sheet as of July 31, 2010.

4. (Optional). Prepare a statement of cash flows for the month ending July 31,2010.

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