Question: What is the net increase in owner's equity Current Attempt in Progress An analysis of the transactions made by Sheridan & Co., a certified public
What is the net increase in owner's equity

Current Attempt in Progress An analysis of the transactions made by Sheridan & Co., a certified public accounting firm, for the month of August is shown as follows. The expenses were $600 for rent, $5,800 for salaries and wages, and $300 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment Payable + Capital Drawings + Revenu 1. +$15,600 +$15,600 2. -2,000 +$4,300 +$2,300 3. -700 +$700 4. +3,800 +$4,100 +$7,90 5 -1,600 -1,600 hs 6 -3,000 -$3,000 7. -600 8. +550 -550 9. -5,800 10. +300
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