Given the following T-accounts, describe the transaction that took place on each specified date duringJuly: Cash Accounts

Given the following T-accounts, describe the transaction that took place on each specified date duringJuly:

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Cash Accounts Receivable Inventory Equipment 7/5 9,500 7/1 3,420 7/14 18,000 7/5 9,500 710 20,000 7/14 15,000 7/30 1,500 7/28 8,000 7/23 2,000 7/28 8,000 5,000 7/25 5,000 500 7/30 5,500 Bal 1,580 Land Accounts Payable 7/25 5,000 7/10 20,000 Sales Revenue Cost of Goods Sold 7/30 4,000 7/14 18,000 7/14 15,000 Bal. 15,000 Rent Expense Advertising Expense 7/ 3,420 7/23 2,000