Barth Interior provides decorating advice to its clients. Three recent transactions of the company include:
a. Providing decorating services of $500 on account to one of its clients.
b. Paying $1,200 for an employee’s salary in the current period.
c. Purchasing office equipment for $2,700.

Required:
Write a memo to your instructor describing each step of the six-step measurement process presented in Illustration 2–1 for each of the three transactions.