Describing Underlying Transactions Mann's Furniture Company, which was recently formed, is engaging in some preliminary trans- actions before beginning full-scale operations for retailing household furnishings. The balances of each item in the company's accounting equation are given next for June 1 and for each of the next business days.

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Furniture Store Accounts Cash Inventory Fixtures Payable Owners' Equity June 1 10 1234567890 $ 6,000 $18,000 $2,000 $ 4,000 $22,000 12,000 18,000 2,000 4,000 28,000 12,000 18,000 6,000 4,000 32,000 9,000 21,000 6,000 4,000 32,000 9,000 26,000 6,000 9,000 32,000 12,000 26,000 3,000 9,000 32,000 7,000 26,000 9,000 10,000 32,000 5,000 26,000 9,000 8,000 32,000 5,000 25,600 9,000 7,600 32,000 2,000 25,600 9,000 7,600 29,000 State briefly what you think took place on each of the 9 days beginning June 2, assuming that only one transaction occurred each day.