Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income ...
Assets = Liabilities + Owner's Equity
Cash + Supplies + Land = Accounts Payable + Kristoff Walker, Capital - Kristoff Walker, Drawing + Fees Earned - Expenses
Bal. 34,700 4,500 86,800 9,400 116,600
1. + 40,600 + 40,600
2. - 17,400 + 17,400
3. - 30,200 - 30,200
4. + 1,700 + 1,700
5. - 2,300 - 2,300
6. - 8,300 - 8,300
7. - 3,500 - 3,500
Bal. 17,100 2,700 104,200 2,800 116,600 - 2,300 40,600 - 33,700.
What is the amount of the net decrease in cash during the month?
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