Question
Jamate Company, a sole proprietorship, shows the following changes to its business item in the business's accounting equation is shown below for June 21 and
Jamate Company, a sole proprietorship, shows the following changes to its business item in the business's accounting equation is shown below for June 21 and for each of the nine following busine
accounts. The balance of
days.
(Click the icon to view the balances.)
Assuming that a single transaction took place on each day, briefly describe the transaction that was most likely have occurred. Begin with June 22 and complete up to June 30. Indicate which accounts were affected, whether account balances increased or decreased, and by what amount. No revenue or expense transactions occurred o these dates.
Required
Complete the table below for each of the transactions. (Enter amounts as positive values
Date
Transaction Type
Account
Owner's equity (capital)
Increase/decrease
Amou
Jun. 22 Investment
Increase
Cash
.)
Decrease
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