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A tabular analysis of the transactions made during August 2022 by Cullumber Company during its first month of operations is shown below. Each increase and
A tabular analysis of the transactions made during August 2022 by Cullumber Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities + Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Supplies + Equipments Accounts Payable Common Stock Revenue Expenses - C 1. +$ 34,000 +$ 34,000 2. +$ 5,700 +$ 4,250 1,450 3. - 600 +$ 600 4. +$ 8,000 + 10,000 2,000 5. - 1,650 1,650 6. 1,600 7. - 600 - 600 8. +410 - 410 9. - 4,500 450n A tabular analysis of the transactions made during August 2022 by Cullumber Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Liabilities + Stockholders' Equity Retained Earnings Accounts Receivable + Supplies + Equipments Accounts Payable + Common Stock Revenue Expenses - Dividends +$ 34,000 Com. Stock +$ 5,700 +$ 4,250 +$ 600 +$ 8,000 + 10,000 Serv. Rev. - 1,650 - 1,600 Div. - 600 Rent Exp. -410 - 4,500 Sal. Exp. Util. +440 - 440 Exp. Accounts Receivable + Supplies + Equipments Accounts Payable + Common Stock + Revenue - Expenses - Dividends +$ 34,000 Com. Stock +$ 5,700 +$ 4,250 +$ 600 +$ 8,000 + 10,000 Serv. Rev. - 1,650 - 1,600 Div. - 600 Rent Exp. - 410 - 4,500 Sal. Exp. Util. +440 - 440 Exp. 5. - 1,650 1,650 6. 1,600 7. - 600 - 600 8. + 410 - 410 9. - 4,500 4,500 10. + 440 - 440 (a) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $
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