An analysis of the transactions made by White Stripes & Co., a law firm, for the month of July is shown below. Each increase and decrease in stockholders' equity is explained.

An analysis of the transactions made by White Stripes & Co., a law firm, for the month of July is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liab + Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Com Stock + Rev. Exp Div. $15,000 +$15,000 -2,000 +$5,000 +$3,000 -750 +$750 +2,500 +$6,600 +$9,100 -1,500 - 1,500 -2,500 -$2,500 -750 -$750 +550 -550 -3,500 -$4,500 +500 +500 -500 Accounts Receivable + Supplies + Equipment = Accounts Payable + Com Stock + Rev. Exp Div. +$15,000 +$5,000 +$3,000 +$750 +$6,600 +$9,100 Rev. -1,500 -$2,500 Div. -$750 Rent. -550 -$4,500 Sal. +500 -500 Util. Your answer is incorrect. Determine how much stockholders' equity increased for the month. Stockholders' equity $ e Textbook and Media Your answer is incorrect. Compute the amount of net income for the month. Net income $ e Textbook and Media