1) Determine how much owner's equity increased for the month. $

2) Compute the amount of net income for the month. $

- / 10 Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment = Payable + Capital Drawings + Revenu 1. +$15,700 +$15,700 2. -1,900 +$5,100 +$3,200 3. -850 +$850 4. +2,900 +$4,800 +$7,71 5 . -1,100 -1,100 6. -1,400 -$1,400 7. -600 8. +400 -400 9 -3,800 10. +600 (b) Determine how much owner's equity increased for the month. Net increase in owner's equity $ HW#'l-CH1 educationtwileytcom m pr Assessment Player un Application Question 5 of 10 / 10 E View Policies Current Attempt in Progress An analysis of the transactions made by Wildhorse & Co', a certied public accounting rm, for the month of August is shown as follows. The expenses were $600 for rent, $3,800 for salaries and wages, and $600 for utilities. Accounts Accounts Owner's Owner's + Receivable + Supplies + Equipment = Payable + Capital Drawings + Revenues Expenses +$15,700 +$5,1oo +$3,200 +$850 +$4,800 +$7,700 1,100 $1,400 -$600 400 3,800 +600 600 0)) Determine how much owner's equity increased for the month