a) Tabular

Transaction Assets
Cash Account Supplies Equipment
Receivable
1 1,200 -1,200
2 -2,800
3 4,000 3,500
4 -400 2,000
5 -4,100
6 -700
7 2,000
8
¥4,200 ¥3,800 ¥500 ¥8,000
¥16,500
b)
Ai Fang Co
Income Statement
For August, 2020
Revenues
Service revenues ¥7,500
Expenses
SW expense ¥2,800
Rent expense 900
Advertising expense 400
Utilities expense 270
Total expense 4,370
Net income ¥3,130

Ai Fang Co
Retained earnings
For August, 2020
Retained earnings, August 1
Add: Net income 3,130
Less: Dividends 700
Retained earnings, August 31 ¥2,430

Ai Fang Co
Statement of financial position
On August 31, 2020
Assets
Cash ¥4,200
Account Receivable 3,800
Supplies 500
Equipment 8,000
Total assets ¥16,500
Equity and Liabilities
Equity
Share capital ¥4,000
Retained earnings 2,430
Total Equity ¥6,430
Liabilities
Account Payable ¥3,000
Note payable 2,000
Total liabilities ¥5,000
Total equity and liabilties ¥11,430
 Liabilities Equity
Account Payable Note Payable Share Capital - Ordinary Revenues Expenses Dividends

-2,800
7,500
1,600
4,100
700
2,000
270
¥3,000 ¥2,000 ¥4,000 ¥7,500 ¥4,370 ¥700
¥21,570