Assets			=	Liabilities +		Owner's Equity
	Cash + Supplies + Land			=	Accounts Payable	+	Kristoff Walker, Capital	-	Kristoff Walker, Drawing	+	Fees Earned	-	Expenses
Bal.	32,600	4,200	81,500		8,800		109,500
1.	+38,100										+38,100
2.	-16,300		+16,300
3.	-28,400												-28,400
4.		+1,600			+1,600
5.	-2,200								-2,200
6.	-7,800				-7,800
7.		-3,300											-3,300
Bal.	16,000	2,500	97,800		2,600		109,500		-2,200		38,100		-31,700

a. (1) Select the description for transaction 1.

a. (2) Select the description for transaction 2.

a. (3) Select the description for transaction 3.

a. (4) Select the description for transaction 4.

a. (5) Select the description for transaction 5.

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? $

c. What is the amount of the net increase in owner's 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? $