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An analysis of the transactions made by Larkspur, Inc., a certified public accounting firm, for the month of August is as follows. Assets =
An analysis of the transactions made by Larkspur, Inc., a certified public accounting firm, for the month of August is as follows. Assets = Liabilities Stockhol Accounts Accounts Cash + Receivable + Supplies + Equipment = Common Payable + Stock + Revenues - Expense 1. $16,000 $16,000 2. -2,500 $5,500 $3,000 3. -650 $650 4. 3,300 $4,300 5. -1,000 $7,600 -1,000 6. -2,100 7. -650 -$650 8. 550 -550 9. -5,800 10. -5,800 550 -550 (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $
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