Campanelli Company was recently formed. The balance of each item in the company'saccounting equation is shown below for June 10 and for each of the nine following business days.

RequiredAssuming that a single transaction took place on each day, describe briefly the transaction that wasmost likely to have occurred, beginning with June 11. Indicate which accounts were affected andby what amount. No revenue or expense transactions occurred on these dates.

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Cash Accounts Receivable Supplies Accounts Stockholders' Land Payable Equity June 10 S 8,000 $4,000 $1,000 $ 8,000 $4,000 $17,000 11 13,000 4,000 1,000 8,000 4,000 22,000 12 6,000 4,000 1,000 15,000 4,000 22,000 15 6,000 4,000 3,000 15,000 6,000 22,000 16 5,000 4,000 3,000 15,000 5,000 22,000 17 7,000 2,000 3,000 15,000 5,000 22,000 18 16,000 2,000 3,000 15,000 5,000 31,000 19 13,000 2,000 3,000 15,000 2,000 31,000 22 11,000 2,000 5,000 15,000 2,000 31,000 23 5,000 2,000 5,000 15,000 2,000 25,000