an analysis of the transactions made by liam agler & co a cerfified public accounting firm, for the onth of august is shown below. The expenses were $650 for rent, $4800 for salaries and wages, and 500 for utilities. A) describe each transaction that occurred for the month. B)determine how muich owners equity increase for the month. C) compute the amount of net income for the month

cash+ accounts receivable+supplies+equipment+Accounts payable+owners capital-owners drawing=revenues-expenses

1.+15,000 +5000 +3000 +15000 2.-2000

3.-750 +$750

4.+4600 +8500

5.-1500 -1500

6.-2000 -2000

.7.-650 -650

8.+450 -450

9.-4800 -4800

10 +500 -500