Jamieson Enterprises was established recently. The balance of each item in its accounting equation is shown below for 6 March and for each of the following business days.

Required:
Assuming a single transaction took place on each day, describe briefly the most likely transaction to have occurred, beginning with 11 March. Indicate which accounts were affected and by what amount.

Transcribed Image Text:

Date Cash at bank Accounts Accounts Loan Owner's receivable Supplies Inventory Land payable payable equity 06 Mar. $4.000 $6000 $200 $ 800 $11000 $4000 $18000 11 Mar. 3500 6000 700 800 11000 4000 18000 13 Mar. 3 500 6000 700 800 16000 4000 5000 18000 17 Mar. 3 500 6000 700 1 600 16000 4 800 5000 18000 19 Mar. 3 250 6000 700 1 600 16000 4 800 5000 17750 20 Mar. 5250 4000 700 1 600 16000 4 800 5000 17750 21 Mar. 5 000 4000 700 2150 16000 5100 5000 17750 23 Mar. 7 000 4000 700 2150 16000 5100 5000 19750 25 Mar. 7 000 5500 700 2150 16000 5100 5000 21 250 31 Mar. 7 000 5500 200 2150 16000 5100 5000 20750