LISUUSVUUimodule.itemid=14401440 Guest Show Attempt History Current Attempt In Progress An analysis of the transactions made by Cheyenne Corp., a certified public accounting firm, for the month of August is shown below. Assets = Liabilities + Stockholders' Equity Retained Earnings Accounts Receivable + Supplies Accounts Payable Equipment Common Stock +$14,000 Revenues Expenses Dividend Cash +$14,000 - 1,000 -850 1. 2. +$4,500 +$3,500 3. +$850 4. +$3,700 +$8,600 Service Revenue 5. +4,900 - 1.200 -2,500 - 1.200 6. 7. -$2,500 Rent Expense -$750 8. -750 +500 -4,600 -500 9. -4,600 -700 Salaries/Wages Expens Utilities Expense 10. +700 (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ 2,DU 7 -750 -$2,500 8 +500 -500 -$750 9. -4.600 10. +700 -4,600 - 700 (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 $ e Textbook and Media Attempts: unlimit Save for Later