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please help Nature of Transactions Teri West operates her own citering service. Summary Financial data for February are presented in equation form as follows. Each

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Nature of Transactions Teri West operates her own citering service. Summary Financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders equity, except transaction (5), affects net income Liabilities Stockholders' Equity Dividends Fees Earned Expenses Assets Cash + Supplies Land 35,700 4,600 89,300 +41,800 - 17.900 +12.900 Accounts Payable 9,600 + Capital Stock 55,000 Retained Earnings 65,000 Bal 1 41,800 2 3. 31,100 31,100 +1.800 +1.800 5 2.400 2,400 3,600 0 1,600 3,600 34,700 2100 55.000 65,000 7 3.600 BAL 17,500 2.500 107,200 .. (1) Select the desorption for transaction 1 2.400 41,800 a. (2) Select the description for transaction 2 a. (3) Select the description for transaction

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