tomework chapter $1$

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how to find equi..

Nature of Transactions equation. Each increase and decrease in stockholders' equity, except transaction $(5),$ affects net income.

Assets $=$ Liabilities $+$ Stockholders' Equity

Bal. $\frac{\text{C}\text{a}\text{s}\text{h}+\text{S}\text{u}\text{p}\text{p}\text{l}\text{i}\text{e}\text{s}+\text{L}\text{a}\text{n}\text{d}}{41,600,5,400,104,000}=\frac{\text{A}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}+\text{C}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}\text{S}\text{t}\text{o}\text{c}\text{k}+\text{R}\text{e}\text{t}\text{a}\text{i}\text{n}\text{e}\text{d}\text{E}\text{a}\text{r}\text{n}\text{i}\text{n}\text{g}\text{s}-\text{D}\text{i}\text{v}\text{i}\text{d}\text{e}\text{n}\text{d}\text{s}+\text{F}\text{e}\text{e}\text{s}\text{E}\text{a}\text{r}\text{n}\text{e}\text{d}-\text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{s}}{11,200}1.+48,700$

$2.-20,800+20,800$

$3.-36,200$

$-36,200$

$4.+2,100+2,100$

$5.-2,800$

$6.-10,000$

$7.$

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$\backslash$table$[[$eBook$,,,$Show Me How,,$],[$Bal$.,20,500,3,300,124,800,3,300,74,800,65,000]]$

a$.(1)$ Select the description for transaction $1.$

a$.(2)$ Select the description for transaction $2.$

a$.(3)$ Select the description for transaction $3.$

a$.(4)$ Select the description for transaction $4.$

a$.(5)$ Select the description for transaction $5.$

a$.(6)$ Select the description for transaction $6.$

a$.(7)$ Select the description for transaction $7.$

b$.$ What is the amount of the net decrease in cash during the month? Enter decrease as a positive number.

c$.$ What is the amount of the net increase in stockholders' equity during the month?

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d$.$ What is the amount of the net income for the month?

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e$.$ How much of the net income for the month was retained in the business?