Assets Liabilities + Stockholders' Equity Retained Earnings - Accounts Receivable - Supplies Equipment Accounts Payable Common Stock $15.000 Revenues Expenses Dividends $5,000 $3,000 $750. -1 2. 3 4. 5. 6. $4,500 Cash $15,000 -2,000 -750 4,900 -1,500 -2,000 -850 450 -3,900 $9,400 Service Revenue - 1,500 -$850 -$2,000 Rent Expense -450 9. 10. - 3,900 -500 Salaries/Wages Expense Utilities Expense (1) Determine how much stockholders' equity increased for the month Increase in stockholders' equity 2.150 (c) Compute the amount of net income for the month Net income Problem 1-2A (Part Level Submission) On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, During September, the following transactions occurred. 1. Paid $2,900 cash for accounts payable due 2. Collected $1,300 of accounts receivable 3. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account. 4. Recognized revenue of $7,300, of which $2,500 is collected in cash and the balance is due in October 5. Dedared and paid a $400 cash dividend. 6. Paid salaries $1,700, rent for September $900, and advertising expense $200 7. Incurred utilities expense for month on account $170. 8. Received $10,000 from Capital Bank on a 6-month note payable is of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Lay or Equity Item that was reduced. See ilustration 1-for example)