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Atabular analysis of the transactions made during August 2017 by Cullumber Company during its first month of operations is shown elow. Each increase and decrease
Atabular analysis of the transactions made during August 2017 by Cullumber Company during its first month of operations is shown elow. Each increase and decrease in stockholders' equity is explained. Assets - Liabilities Stockholders' Equity Cash + A/R Supp. Equip Accounts Payable Common Stock Retained Earnings Revenues Expenses Dividends (1) $ 22.100 $ 22,100 (2) 1,600 $ 5,100 $ 3,500 (3) - 900 900 (4) 5,000 5,906 $ 5.900 $ 10,900 (5) - 1.700 1,700 (6) -$2,600 2,600 (7) - 880 -$ 880 (8) 550 - 550 (19) - 3,400 3,400 (10) 230 - 230 3,400 (10) 230 (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ (c) Compute the net income for the month. The net income $
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