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ACC/290 290 A tabular analysis of the transactions made during August 2014 by Colaw

Author:
January 14th, 2018

A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below. Each increase and decrease in stockholders’ equity is explained.Assets=Liabilities+Stockholders’ EquityCash+A/R+Supp.+Equip.=Accounts Payable+Common Stock+Retained EarningsRevenues–Expenses–Dividends(1)$17,520$17,520Com. Stock(2)–1,100$5,000$3,900(3)–560$560(4)4,950$6,210$11,160Serv. Rev.(5)–1,750–1,750(6)–1,930–$1,930Div.(7)–740–$740Rent Exp.(8)510–510(9)–3,170–3,170Salar. Exp.(10)350–350Util. Exp.Determine how much stockholders’ equity increased for the month.

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