Essay
An analysis of the transactions made by K. T. Lang & Co., a law firm, for the month of July is shown below. Each increase and decrease in owner's equity is explained. 
Instructions
(a) Prepare an income statement for the month ending July 31, 2010.
(b) Prepare an owner's equity statement for the month ending July 31, 2010.
Correct Answer:
Verified
Correct Answer:
Verified
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