Analyze business transactions. (LO 1, 2, 3)

Analyze the following accounting equation worksheet for Starwood Yacht Repair Corporation and explain the transaction or event that resulted in each entry.

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Assets Liabilities Shareholder's Equity Contributed Capital Retained Earnings Cash Prepaid Supplies Insurance Property & Accumulated Equipment (P & E) Long-term Depreciation- P&E Interest Salaries Notes Payable Payable Payable a 150,000 Common Stock 150,000 Revenues Expenses 125,000 100,000 b. (125,000)| C 100,000 d. (500) 500 e. (650) 650 L 15,000 (975) h. (325) 500 (1.000) k. 100 15,000 (375) (325) (500) (1,000) (100)