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Nature of transactions Teri West operates her own catering service. Summary finandial data for july are presented in equation form as folows. Each line designated
Nature of transactions Teri West operates her own catering service. Summary finandial data for july are presented in equation form as folows. Each line designated by a mumber indicates the effect of a transaction on the equation. Each increase and decrezse in stockholders' equity, except transaction (3), aftects net incomo. 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? 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
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