Describing Underlying Transactions The balances of each item in LaPaz Company's accounting equation are given next for September 1 and for each of the next 7 business days.

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Cash Computer Inventory Store Accounts Owners' Fixtures Payable Equity Sept. 1 $5,000 $ 9,000 $ 7,500 $5,500 $16,000 2 5,000 9,000 10,000 8,000 16,000 3 2,000 9,000 10,000 8,000 13,000 4 2,000 4,000 10,000 3,000 13,000 5 2,000 11,000 10,000 3,000 20,000 8 1,500 11,000 10,000 2,500 20,000 9 1,000 11,000 13,000 5,000 20,000 10 1,000 11,000 12,700 4,700 20,000 State briefly what you think took place on each of the 7 days beginning September 2, assuming that only one transaction occurred each day.