Help with question E1-9

Describe each transaction that occurred for the month. Determine how much stockholders' equity increased or t e mon Compute the amount of net income for the month. An analysis of transactions for Foley & Co. was presented in El-8. Assume that August is the company's first month of business. Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2015. E1-10 Toth Company had the following assets and liabilities on the dates indicated. Toth began business on January 1, 2014, with an investment of $100,000 from stockholders Instructions From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: 2014, assuming Toth paid $15,000 in dividends for the year. 2015, assuming stockholders made an additional investment of $50,000 and Toth paid no dividends in 2015. 2016 assuming stockholders made an additional investment of $15.000 and Toth nan: Describe each transaction that occurred for the month. Determine how much stockholders' equity increased or t e mon Compute the amount of net income for the month. An analysis of transactions for Foley & Co. was presented in El-8. Assume that August is the company's first month of business. Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2015. E1-10 Toth Company had the following assets and liabilities on the dates indicated. Toth began business on January 1, 2014, with an investment of $100,000 from stockholders Instructions From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: 2014, assuming Toth paid $15,000 in dividends for the year. 2015, assuming stockholders made an additional investment of $50,000 and Toth paid no dividends in 2015. 2016 assuming stockholders made an additional investment of $15.000 and Toth nan