A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below. Each increase and decrease in stock- holders’ equity is explained.

(a) Describe each transaction.
(b) Determine how much stockholders’ equity increased for the month.
(c) Compute the net income for themonth.

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Assets Liabilities+ Stockholders' Equity Retained Ea Cash + A/R+Supp. Equip.Payable Stock Rev- Exp. Div 1. +$20,000 2. 1,000 3.-750 4. +4,100 5. 1,500 6. -2,000 -800 +450 9, -3,000 +$20,000 Com, Stock +$5,000 +$4,000 +$750 +$5,400 +$9,500 Serv Rev -1,500 -$2,000 Div. -800 Rent Exp. -450 -3,000 -300 Salar. Exp. Util. Exp. 10 +300