E1-8 - 6.-2,000 -2,000 Dividends 7.-650 -650 Rent Expense...

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An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in stockholder's equity is explained. Cash + Accounts Receivable + Supplies + Office Equipment = Accounts Payable + Stockholder's Equity 1. +$15,000 +$15,000 Investment 2. -2,000 +$5,000 +$3,000 3. -750 +$750 4. +4,600 +$3,700 +8,300 Service Revenue 5. -1,500 -1,500
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Unformatted text preview: 6.-2,000 -2,000 Dividends 7.-650 -650 Rent Expense 8. +450 -450 9.-4,900 -4,900 Salaries Expense 10. +500 -500 Utilities Expense Instructions (a) How much did stockholder's equity increase for the month? $ 15250 (b) Compute the amount of net income for the month. (If a net loss, record amount using either a negative sign preceding the number eg -45 or parentheses eg (45).) $ 2250...
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