Ex. 1 The summary data of the Alpha Company are presented below. Describe each transaction. Assets Owners'Equity = Liabilities + Accounts Payable Cash Supplies Machinery + 5,000 + 17,000 +4,000 + 3,000 +9,000 + 7,000 1 + 8,000 2 - 3,000 3- 2,000 4 +9,000 5 -1,200 6 - 7,000 - 1,000 2.800 +9,000 Service provided income - 1,200 Salaries expense - 2,000 Supplies expense - 2,000 6 7 8 - 7,000 - 1,000 Withdrawal 21,800 5,000 14,000