Describing Underlying Transactions LaTech Company, which was recently formed, is engaging in some preliminary transac tions before beginning full-scale operations for retailing laptop computers. The balances of each item in the company's accounting equation are given below for May 10 and for each of the next nine business days.AppendixLO1

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Accounts Cash Receivable Computer Inventory Store Fixtures Accounts Owners' Payable Equity May 10 11 $ 6,000 12,000 $ 4,000 $18,000 $ 3,000 $ 4,000 $27,000 4,000 18,000 3,000 4,000 33,000 12 12,000 4,000 18,000 6,000 4,000 36,000 15 9,000 4,000 21,000 6,000 4,000 36,000 16 9,000 4,000 26,000 6,000 9,000 36,000 17 12,000 1,000 26,000 6,000 9,000 36,000 18 7,000 1,000 26,000 13,000 11,000 36,000 19 4,000 1,000 26,000 13,000 8,000 36,000 223 4,000 1,000 25,600 13,000 7,600 36,000 2,000 1,000 25,600 13,000 7,600 34,000