Question: Below are T-accounts. The first row in each is the beginning balance, and the numbers in parentheses are transaction numbers. Required: Provide an explanation for

Below are T-accounts. The first row in each is the beginning balance, and the numbers in parentheses are transaction numbers.

Required:
Provide an explanation for eachtransaction.

Cash Accounts Receivable Supplies 1,000 (1) 20,000 14,000 (5) (2) ,000 4,000 (3) 4) 6,000 8,000 2,000 (3) 4,000 7,000 6) 11,000 3,000 7,000 Accounts Payable Service Revenue Salaries Expense 2,000 (6 7,000 6,000 (4) 20,000 (1) (5)14,000 5,000 (2) 25,000 1,000 14,000

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