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A tabular analysis of the transactions made during August 2017 by Ivanhoe Company during its first month of operations is shown below

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A tabular analysis of the transactions made during August 2017 by Ivanhoe 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)

$23,100$23,100Com. Stock

(2)

-1,590$5,090$3,500(3)

-860$860(4)

5,100$5,500$10,600Serv. Rev.

(5)

-1,700-1,700(6)

-2,200-$2,200Div.

(7)

-740-$740Rent Exp.

(8)

370-370(9)

-3,300-3,300Sal. Exp.

(10)

380-380Util. Exp.