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need help in C D E. Nature of Transactions Teri West operates her own catering service. Summary financial data for February are presented in equation
need help in C D E.
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 the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. Assets Liabilities+ Stockholders' Equity Cash +Supplies+LandAccounts PayableCapital Stock + Retained EarningsDividends+Fees EarnedExpenses 9,400 52,300 65,000 Ba 34,900 4,500 87,300 1.+40,800 2. 330,400 40,800 17,500 +17,500 30,400 +1,700 +1,700 5. 2,300 2,300 6. 8,400 8,400 3,500 3,500 Bal. 17,100 2,700 104,800 2,700 52,300 65,000 2,300 40,800 33,900
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