CALCULATOR PRINTER VERSION Exercise 1-8 Your answer is partially correct. Try again. 4 BACK NEXT 1-2 1-5 1-8 1-10 An analysis of the transactions made by Blue Spruce Corp., a certified public accounting firm, for the month of August is shown below. Assets - Liabilities + + Accounts Receivable + Stockholders' Equity Retained Earnings Supplies - Accounts + Common Equipment Payable Stock Revenues (Part Level $16,000 Expenses Dividends $4,500 A (Part ssion) $750 $2,000 Cash 1. $16,000 2. -2,500 3. -750 4. 5,500 5. -1,300 6. -2,100 7. -700 8. 450 9. -5,500 $3,100 $8,600 ts by Study -1,300 Service Revenue -$2,100 -450 -$700 Rent Expense 600 (b) Determine how much stockholders' equity increased for the month. -5,600 -600 Salaries/Wages Expense Utilities Expense Increase in stockholders' equity 15300 (c) Compute the amount of net income for the month. Net income 1700 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Question Attempts: 6 of 15 used