An analysis of the transactions made by Cookie Mountain Legal, a law firm, for the month of July is shown below. Each increase and decrease in retained earnings is explained. Assets = Liab + Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Com Stock + Rev. Exp 1. +$15,000 +$15,000 2. -2,000 +$5,000 +$3,000 3. -750 +$750 4. +2,500 +$6,600 +$9,100 5. - 1,500 -1,500 6. -2,500 7. -750 - $750 8. +550 -550 9. -4,500 -$4,500 10. +500 -500 July 31, 202 Assets Cash $ 6,050 Accounts Receivable 6,050 Supplies 750 Equipment 5000 Total Assets $ 17,850 Liabilities and Stockholders' Equity Common Stock $ 15,000 Liabilities Accounts Payable $ 2.000 $