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5 i View Policies Current Attempt in Progress An analysis of the transactions made by Ivanhoe & Co, a certified public accounting form for the month of August is shown as follows The expenses were $700 for rent'54,800 for salaries and wages, and $660 for utilities. Cash Accounts Accounts + Receivable + Supplies - Equipment Payable Owner's Owner's Capital - Drawings + +$14.900 Revenu 1. +$14,900 2 - 1.000 +$4,300 +$3,300 3. -850 $850 4 4,600 +$3,800 +$8.40 5. -1.700 - 1,700 6. - 1.500 -$1.500 7 - 700 8 *350 -350 9. -4,800 10. +660 OS -- 10 +660 151 (b) Determine how much owner's equity increased for the month. 7 7 8 4 5 Net increase in owner's equity $ 1 2 ic 0 Compute the amount of net income for the month. Net Income $ e Textbook and Media Saw for Later Attempts: 0 of 5 used Submit Amwer