Radloff€™s Furniture Company, which was recently formed, is engaging in some preliminary transactions before beginning full-scale operations for retailing household furnishings. The balances of each item in the company€™s accounting equation are given next for May 1 and for each of the next 9 business days.

State briefly what you think took place on each of the 9 days beginning May 2, assuming that only one transaction occurred each day.

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