A tabular analysis of the transactions made by Roberta Mendez \& Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in Analyze transactions and stockholders' equity is explained.

\section*{Instructions}

(a) \(\square\) Describe each transaction that occurred for the month.

(b) Determine how much stockholders' equity increased for the month.

(c) Compute the amount of net income for the month.

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Cash 1. + $15,000 Accounts Office Accounts + Receivable + Supplies + Equipment - Payable Stockholders' Equity +$15,000 Investment 2. -2,000 +$5,000 + $3,000 3. 750 +$750 4. +4,600 +3,400 +8,000 Fees Earned 5. -1,500 -1,500 6. -2,000 -2,000 Dividends 7. 650 650 Rent Expense 8. + 450