Morgan Dry Cleaners began operations with the following accounts:

Cash $1000
Accounts Receivable $2200
Supplies $850
Land $11450
Accounts Payable $2030

2. We received cash from customers for dry cleaning sales $8928

3. We paid creditors on account of what we owe $1755 in cash
4. We received cash from Mr. Morgan (the owner) as additional investment $4700
5. We open a bank account with $3000 cash
6. We paid the rent of the month $1200 with a deposit
7. We charged customers for dry cleaning sales on account $1025 in cash
8. We purchased soap and clothes shampoo $245 with a cheque
9. The customers made another payment from their debt $1000 in cash and $1000 with a
cheque
10. We paid utilities from the laundromat $635 with a deposit
11. We paid the weekly salary of the manager $2000 in cash
12. We bought a new washing machine $12000 paying 25% in cash and we signed a note
for the rest to be paid in 15 months
13. The owner withdraws $500 from the bank for his personal use
14. We received a government grant to expand the business for $5000 with a cheque

Determine the Balance Sheet, Income Statement, Statement of Owner’s Equity and Cash
Flow for the Company.