Six transactions of Prosperity Company, a corporation, are summarized below in equation form, with each of the six transactions identified by a letter. For each of the transactions (a) through (f) write a separate statement explaining the nature of the transaction. For example, the explanation of transaction (a) could be as follows: Purchased furniture for cash at a cost of $800.

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Liabilities Equity Cash + Receivable + Furniture + Building + Land Payable Capital Stock $149,000 $149,000 $149,000 $30,000 $10,000 +800 $10,800 $40,000 $40,000 $40,000 Balances 9,000 800 Balances 8,200 (b) +500 Balances 8,700 (c) -3,000 Balances $ 5,700 (d) 2,000 Balances 3,700 (e) +10,000 Balances $13,700 $90,000 S90,000 S90,000 $30,000 $30,000 $30,000 $10,800 +5,000 $15,800 $29,500 $40,000 $40,000 $40,000 $30,000 +2,000 $32,000 -2,000 $30,000 $149,000 $29,500 $29,500 $29,500 S90,000 $90,000 S90,000 $90,000 $15,800 $149,000 +10,000 $159,000 3 $15,800 +3,000 $18,800 $30,000 +3,000 Balances $13,700 $159,000