Nature of Transactions Teri West operates her own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates effect of a transaction on the equation. Each Increase and decrease in stockholders equity, except transaction (5), affects net incorne Assets = Liabilities + Accounts Payable 10,700 Stockholders' Equity - Dividends + Fees Earned. Expenses Cash + Supplies + Land 39,600 5,100 99,000 + Capital Stock + Retained Earnings 68,000 65,000 Bal 1 46,300 +46,300 -19,800 2 +19,800 3 34,500 -34,500 4 +2.000 +2,000 2,700 2,700 9,500 -9,500 4,000 4,000 19.400 3.100 118,800 3,200 68,000 65,000 2,700 46,300 -35,500 (1) Select the description for transaction 1 (2) Select the description for transaction 2 a. (3) Select the description for transaction 3 a. (4) Select the description for transaction 4 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6. a.(7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. c. What is the amount of the net increase in stockholders' equity during the month? S d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business? a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6. a.(7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. c. What is the amount of the net increase in stockholders' equity during the month? S d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business? Nature of Transactions Teri West operates her own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates effect of a transaction on the equation. Each Increase and decrease in stockholders equity, except transaction (5), affects net incorne Assets = Liabilities + Accounts Payable 10,700 Stockholders' Equity - Dividends + Fees Earned. Expenses Cash + Supplies + Land 39,600 5,100 99,000 + Capital Stock + Retained Earnings 68,000 65,000 Bal 1 46,300 +46,300 -19,800 2 +19,800 3 34,500 -34,500 4 +2.000 +2,000 2,700 2,700 9,500 -9,500 4,000 4,000 19.400 3.100 118,800 3,200 68,000 65,000 2,700 46,300 -35,500 (1) Select the description for transaction 1 (2) Select the description for transaction 2 a. (3) Select the description for transaction 3 a. (4) Select the description for transaction 4 a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6. a.(7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. c. What is the amount of the net increase in stockholders' equity during the month? S d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business? a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6. a.(7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. c. What is the amount of the net increase in stockholders' equity during the month? S d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business