Your answer is incorrect. Try again. n analysis of the transactions made by Cullumber & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $550 f 5,200 for salaries and wages, and $400 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment = Payable Capital - Drawings + Revenues - Expenses 1. +$15,100 +$15,100 2. -3,100 +$5,200 +$2,100 3. -700 +$700 4. +2,800 +$4,700 +$7,500 5. -1,600 -1,600 6. -1,700 -$1,700 7. -550 -$550 8. +450 -450 9. -5,200 -5,200 10. +400 -400 [b) Determine how much owner's equity increased for the month. x Net increase in owner's equity