Staub and Gever Furniture Repair Service, a company with two stockholders, began operations on June 1, 2011. The following T-accounts indicate the activities for the month of June.

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

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Cash A) Notes Receivable (A) Tools and Equipment (A) 17,000 b. 800 | c. 10,000 1,500 3,000 d. 1,500 800 2. d. a. Building (A) Notes Payable (L) Contributed Capital (SE) 50,000 40,000 a. 20,000