Mashu Furniture Repair Service, a company owned by sole proprietor Doreen Mashu, began operations on June 1, 2009. The following T-accounts indicate the activities for the month of June.

Required:
Explain events (a) through (c) that resulted in the entries in the T-accounts. That is, for each account what transactions made it increase and/or decrease?

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Cash (A) Supplies (A) Building (A) Beg. Beg.0 0 Beg (b) 50,000 0 0 (a) 17,000 10,000 (b) (c) 1,500 1,500 (c) Notes Payable (L) D. Mashu, Capital (OE) 0 Beg. 0 Beg. 40,000 (b) 17,000 (a)