On September 1, Bob Crane began operating a new real estate agency. After each of the agency's first five transactions, the accounting equation for the agency showed the following balances. Analyze the equations and describe each of the five transactions with their amounts.

Transcribed Image Text:

Balances after Transaction Accounts Cash + + + Receivable Office Office Supplies Furniture Accounts Bob Crane, = + Payable Capital 123450 1. 2. $15,000 $ -0- $ -0- $ -0- $ -0- $15,000 14,600 -0- 1,000 -0- 600 15,000 5,600 -0- 1,000 9,000 600 15,000 4. 5,600 1,200 1,000 9,000 600 16,200 5 4,100 1,200 1.700 9,800 600 16,200