Shown below are several transactions recorded by Beth’s coffee shop, The Bitter Bean (TBB):

Required For each transaction, describe the event or activity that occurred. For example:
Answer: The firm borrowed $20,000. p-968

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a. ASSETS Cash, +$30,000 b. Inventory, +$12,000 CPO e. f. g- Cash, -$3,000 Accounts receivable, +$10,000 Inventory, -$3,000 Cash, +$8,000 LIABILITIES Accounts payable, +$12,000 Loans, -$3,000 Loans, - $27,000 OWNER'S EQUITY Capital, +$30,00 Capital, +$27,000 Revenue, +$10,000 Cost of goods sold, -$3,000 h. Accounts receivable, -$8,000 Accounts payable, +$30,000 Operating expenses, - $30,000