For each of the following ten independent transactions, provide a written description of what occurred in each transaction. Figure 2.4 might help you.

Data from in Figure 2-4

Transcribed Image Text:

1 234567890 10 Cash Inventory Equipment $57,500 (6,900) 1,438 (863) 3,680 Assets (1,150) $6,900 $25,300 1,150 Liabilities Accounts Wages Payable Payable $25,300 460 102 $3,450 Owner's Equity Common Stock $57,500 Retained Earnings $ 1,438 (863) (460) (3,450) 3,680 (102)