On October 1, Deloitte \& Coopers Price started a consulting firm. The asset, liability, and stockholders' equity account balances after each of the firm's first six transactions are shown below. Describe each of these six transactions.

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Accounts Cash Receivable + Supplies + Equipment Notes =O Payable Common Retained Stock + Earnings (a) $7,000 + S 0 + $ 0 + $ 0 = $ 0 + $7,000 + $ 0 (b) 4,500+ 0 + (c) 7,500 + 0 1,400 + 0 + ++ 2,500 2,500 + + 0 0 + 7,000 + 0 0 3,000 + 7,000 + 0 2,500 + 6,100 = 3,000+ 7,000 + 0 30 (e) 1,400 + 1,750 + 2,500+ 6,100 = 3,000+ 7,000 + 1,750 (f) 2,950 + 200 + 2,500+ 6,100 = 3,000 + 7,000 + 1,750