An analysis of the transactions made by Kingbird, Inc., a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities Stock + Accounts Receivable Supplies Accounts Payable Equipment + 1. Common Stock $15.600 Revenues Expe $5,500 $2,000 $750 3 4. 5. 6. Cash $15,600 -3,500 - 750 5,500 - 1,500 -2,300 -750 350 -4.200 $3,600 $9.100 -1.500 7 8. 9. 10. -350 400 An analysis of the transactions made by Kingbird, Inc., a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities Stock + Accounts Receivable Supplies Accounts Payable Equipment + 1. Common Stock $15.600 Revenues Expe $5,500 $2,000 $750 3 4. 5. 6. Cash $15,600 -3,500 - 750 5,500 - 1,500 -2,300 -750 350 -4.200 $3,600 $9.100 -1.500 7 8. 9. 10. -350 400