Exercise 1-09 a-c An analysis of the transactions made by Cheyenne Corp., a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities + Stockholders' Equity Retained Earnings Accounts + + = Cash Receivable Supplies Equipment Accounts Payable + Common Stock + Revenues Expenses 1. +$15,850 +$15,850 2. -2,700 +$5,700 +$3,000 3. -750 +$750 4. +6,300 +$3,200 +$9,500 5. -1,700 -1,700 6. -1,400 7. -750 8. +350 -350 9. -3,950 10. +400 Dividend Service Revenue -$1,400 -$750 Rent Expense -3,950 Salaries/Wages Expense -400 Utilities Expense