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Current Attempt in Progress An analysis of the transactions made by Tamarisk, Inc., a certified public accounting firm, for the month of August is
Current Attempt in Progress An analysis of the transactions made by Tamarisk, Inc., a certified public accounting firm, for the month of August is shown below. Assets Liabilities Stockho + Accounts Cash Receivable Supplies Equipment Accounts Payable + Common Stock + Revenues Expense 1. $15,000 $15,000 2. -3,500 $6,000 $2,500 3. -650 $650 4. 4,600 $3,200 5. -1,300 $7,800 -1,300 6. -2,200 7. -650 -$651 8. 350 -350 9. -5,100 10. -5,10 500 -501 (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ (c) Compute the amount of net income for the month. Net income $
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