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An analysis of the transactions made by Carla Vista & Co., a certified public accounting firm, for the month of August is shown below.
An analysis of the transactions made by Carla Vista & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $550 for rent, $4,800 for salaries and wages, and $330 for utilities. (b) Accounts Accounts Cash +$15,200 + Receivable + Supplies + Equipment = Payable -3,900 +$5,900 +$2.000 -700 +$700 +4,600 +$2,900 -1,000 -1,700 -550 +450 -4,800 -450 Determine how much owner's equity increased for the month. Net increase in owner's equity $ 15550 Owner's Owner's Capital - Drawings + Revenues +$15,200 -1,000 -$1,700 +330 +$7,500 - Expenses -$550 -4,800 -330
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