analysis of transactions

Weygandt, Accounting Principles, 13e ractice Gradebook ORION Downloadable eTextbook BTA 111/1 gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 1-08 An analysis of the transactions made by Peat Deloitte & co, a certfied public accounting firm, for the month of August is shown below. The expenses were s $4,800 for salaries and wages, and $400 for utilities Accounts Cash Receivable Supplies Equipment Payable+Capital 15,000 Drawings Revenues Expenses 1. +$15,00o 2. -2,000 +$5,000 +$3,000 +$750 4. +$4,500 +4,000 5. 1,500 6. 2,000 -560 +450 -4,800 +$8,500 -1,500 -$2,000 -$560 -450 -4,800 -400 +400 10 Determine how much owner's equity increased for the month. Net increase in owner's equity :15 AM omp ute the amo unt of net income for the LALCULATOR FULL SCREEN PRINTER 5. -1,500 6. -2,000 -560 +450 9. -4,800 +$8,500 -1,500 -$2,000 -450 -$560 -4,800 -400 10. +400 Determine how htuch owner's equity increased for the month. Net increase in owner's equity Compute the amount of net income for the month. Net income LINK TO TEXT Question Attempts: 0 of 4 used SAVE FOR LATER SU All Rights Reserved. A Division of