Mandarin Enterprises was recently formed. The balance of each item in the company's accounting equation is shown
Question:
Mandarin Enterprises was recently formed. The balance of each item in the company's accounting equation is shown for October 10 and for each of the nine following business days. Accounts Accounts Owner's Cash Receivable Supplies Land Payable Equity Oct. 10 $ 4.000 $4.000 $1.000 $ 8.000 $4.000 $13,000 11 13,000 4.000 1.000 8,000 4.000 22.000 12 6.000 4.000 1.000 15.000 4.000 22.000 15 6,000 4.000 3.000 15.000 6.000 22.000 16. 5,000 4.000 3,000 15,000 5,000 22.000 17 7.000 2,000 3,000 15,000 5.000 22.000 18 15.000 2.000 3,000 15.000 5.000 30.000 19 12,000 2.000 3,000 15,000 2.000 30,000 22 11.000 2,000 4,000 15,000 2.000 30.000 23 3.000 2,000 4.000 15.000 2.000 22.000 Required Assuming that a single transaction took place on each day, briefly describe the transaction that most likely occurred on each day, beginning with October 11. Indicate which accounts eased or decreased and by what amount. No revenue or expense transactions occurred on these dates.
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