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Nature of transactions Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated

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Nature of transactions Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. ly are presented in equation form as follows. Each line designated by se and decrease in stockholders' equity, except transaction (5), b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. x c. What is the amount of the net increase in stockholders' equity during the month? x d. What is the amount of the net income for the month? x e. How much of the net income for the month was rettined in the business? X

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