Question: can you solve this accounting problem please An analysis of the transactions made by Wildhorse & Co a certified public accounting firm, for the month
An analysis of the transactions made by Wildhorse & Co a certified public accounting firm, 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. Owner's Capital +$15700 Owner's Drawings Revenue 2. 3. 4. 5. 6. 8. 9. 10. Cash +$15700 -1900 -850 -1,100 -1,400 +400 -3,800 Accounts Receivable -400 Supplies Equipment +$5,100 Accounts Payable +$3,200 -1,100 +600 Determine how much owner's equity increased for the month. Net increase in owner's equity Compute the amount of net income for the month. Net income
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