The balances of each item in Melbourne Company€™s accounting equation are given next for November 1 and for each of the next 7 business days.

State briefly what you think took place on each of the 7 days beginning November 2, assuming that only one transaction occurred each day.

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Cash Computer Store Accounts Payable Owners $5,000 5,000 3,000 3,000 3,000 2,500 1,500 1,500 InventoryFixtures $7,500 10,000 10,000 10,000 10,000 10,000 13,500 13,000 $ 8,000 8,000 8,000 3,000 10,000 10,000 10,000 10,000 $5,500 8,000 8,000 3,000 3,000 2,500 5,000 4,500 Equity $15,000 15,000 13,000 13,000 20,000 20,000 20,000 20,000 Nov. 1 10