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Assets Cash + Supplies + Land = Liabilities + Stockholders' Equity Accounts Payable + Capital Stock + Retained Earnings Dividends + Fees Earned Expenses 8,300
Assets Cash + Supplies + Land = Liabilities + Stockholders' Equity Accounts Payable + Capital Stock + Retained Earnings Dividends + Fees Earned Expenses 8,300 38,200 65,000 Bal. 30,700 4,000 76,800 1. +35,900 35,900 2. -15,400 +15,400 3. -26,700 -26,700 4. +1,500 +1,500 5. -2,100 -2,100 6. -7,400 -7,400 7. -3,100 -3,100 Bal. 15,000 2,400 92,200 2,400 38,200 65,000 -2,100 35,900 -29,800 a. (1) Select the description for transaction 1. X a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. x a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. x a. (6) Select the description for transaction 6. a. (7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. c. What is the amount of the net increase in stockholders' equity during the month? d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business
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