Current Attempt in Progress

A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders equity is explained.

		Assets							=	Liabilities	+	Stockholders Equity
		Cash	+	A/R	+	Supp.	+	Equip.	=	Accounts Payable	+	Common Stock	+	Retained Earnings
														Revenues		Expenses		Dividends
1.		$24,500										$24,500
2.		2,000						$5,000		$3,000
3.		750				$750
4.		3,800		$6,000										$9,800					Serv. Rev.
5.		1,700								1,700
6.		1,500																$1,500
7.		760														$760			Rent Exp.
8.		500		500
9.		2,300														2,300			Salar. Exp.
10.										330						330			Util. Exp.

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

Increase in stockholders equity		$enter a dollar amount

(c) Compute the net income for the month.

The net income		$enter a dollar amount