A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders equity is explained.

Prepare an income statement for August.

= Cash + A/R + Supp. + Equip = Accounts Payable Common Stock + Retained Earnings Revenues Expenses Divid 1. $20,800 $20,800 2 -1,510 $4.910 $3,400 3 -600 $600 4 4,400 $6,200 $10.600 5 -2,000 -2.000 6. 1.600 7 $1 -700 -$700 8 380 -380 9. -2,600 -2,600 10 360 - 360 - / 1 ill 1 + A/R Supp. + Equip Accounts Payable Common Stock + Retained Earnings Revenues Expenses Dividends .800 $20,800 ,510 $4.910 $3,400 -600 $600 .400 $6,200 $10,600 Serv. Rev. ,000 -2,000 ,600 -$1,600 700 $700 Rent Exp. 380 -380 ,600 -2,600 Sal Exp. 360 360 Util Exp WILDHORSE CO. Income Statement $ $ e Textbook and Media