Question: How do I determine the increase in stockholders equity and net income? A tabular analysis of the transactions made during August 2017 by Cullumber Company

 How do I determine the increase in stockholders equity and net

How do I determine the increase in stockholders equity and net income?

income? A tabular analysis of the transactions made during August 2017 by

A tabular analysis of the transactions made during August 2017 by Cullumber Company 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) $17,200 $17,200 Com. Stock (2) 1,400 $5,100 $3,700 (3) 550 $550 (4) 3,500 $5,600 $9,100 Sew, Rev_ (5) 2,500 2,500 (5) 2,500 $2,500 Div. (7) 740 -$740 Rent Exp. (3) 520 520 (9) _3'200 -3,200 Salar. Exp. (10) 320 -320 Util. Exp. (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ (c) Compute the net income for the month. The net income $

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