A tabular analysis of the transactions made by Roberta Mendez \& Co. Inc. for the month of August is shown below. Each increase and decrease in stockholders' equity is explained.

\section*{Instructions}

(a) Describe each transaction.

(b) Determine how much stockholders' equity increased for the month.

(c) Compute the net income for the month.

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Cash Accounts Office + Receivable + Supplies + Equipment = Accounts Payable + Stockholders' Equity +$15,000 Issued Common Stock 1. +$15,000 2. -2,000 3. -750 * +$750 4. +4,600 +$3,400 5. -1,500 6. -2,000 7. -650 8. +450 -450 9. -2,900 10. +$5,000 +$3,000 +8,000 Service Revenue -1,500 -2,000 +500 Dividends -650 Rent Expense -2,900 Salaries Expense -500 Utilities Expense