Question 1 of 2 - / 5 III View Policies Current Attempt in Progress An analysis of the transactions made by Blossom & Co., a certified public accounting firm, for the month of August is shown as follows. The expenses were $550 for rent, $3,800 for salaries and wages, and $300 for utilities. Accounts Receivable + Supplies + Accounts Payable Owner's Owner's Capital - Drawings + Revenu Cash + Equipment = + 1. +$14.000 +$ 14,000 2. -2.000 +$4,000 +$2,000 3. -650 +$650 4. +2,900 +$4,600 +$7,50 5. -1,000 -1,000 6. - 1,000 $1,000 7. -550 8. +350 -350 9. -3,800 10. +300 (b) Question 1 of 2 > -/5 Current Attempt in Progress An analysis of the transactions made by Blossom & Co., a certified public accounting firm, for the month of August is shown as follows. The expenses were $550 for rent, $3,800 for salaries and wages, and $300 for utilities. Accounts Receivable Accounts Payable Owner's Capital Owner's Drawings + + Supplies + Equipment Revenues Expenses +$14.000 +$4,000 +$2,000 +$650 +$4,600 +$7.500 - 1,000 -$1,000 -$550 -350 -3,800 +300 -300 (b) (b) Determine how much owner's equity increased for the month. Net increase in owner's equity $ (c) Compute the amount of net income for the month. Net income $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit