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An analysis of the transactions made by Rodriguez & Co., a certified public accounting firm, for the month of August is shown below. Each increase
An analysis of the transactions made by Rodriguez & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in owners equity is explained.
Cash | + | Accounts Receivable | + | Supplies | + | Equipment | = | Accounts Payable | + | Owners Equity Rodriguez, Capital |
1. | +$ 13,100 | +$ 13,100 | Investment | |||||||
2. | - 2,400 | +$ 5,900 | +$ 3,500 | |||||||
3. | - 760 | +$ 760 | ||||||||
4. | + 2,730 | +$ 3,660 | + 6,390 | Service Revenue | ||||||
5. | - 1,530 | - 1,530 | ||||||||
6. | - 2,300 | - 2,300 | Drawings | |||||||
7. | - 700 | - 700 | Rent Expense | |||||||
8. | + 490 | - 490 | ||||||||
9. | - 2,850 | - 2,850 | Sal./Wag. Expense | |||||||
10. | + 560 | - 560 | Utilities Expense |
Determine how much owners equity increased for the month.
Increase in owners equity | $ |
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