Required

Classily each of the preceding ovents as one of the following $($choose a$,$ b$,$ or c$)$:

a$.$ A business transaction to be accounted for by the businoss.

b$.$ A business$-$related event but not a transaction to be accounted for by the business at this time.

c$.$ A personal transaction nol to bo accounled for by the business.

Analyze the eflects of the above events on the accounting equation of the business.

Transactions

Jul $4$ Carin recerved $$100,000$ cash from his former partwers in the firm trom which be resigned.

$5$ Corin imestad $$50,000$ cash in his busness.

$5.$ The business paid cffice remt expense lor the month of July. $$3,000.$

$6$ The bukimess pard $51,000$ cash lor iellettead stasonery lor the ofice

$7$ The business purchased offee twmiture for the offce on accoust for Sr$,000$ promising to pay wither sik months

$10$ Corlin sold $2,000$ sthares of Royai Bank slock, which he had awned for several years, recerving $325,000$ cash from hes siockbroker.

$11$ Conle depesfed the $575,000$ cash from sale of the Royal Bank stares in his personal bank accoant.

$12$ A representative of a lape construction company telephoned Conten and sold hem of the cempany's nitention lo transfer ts accountng work to Conlri's business

$29$ The business pertormed ar audt tor a clarh and submitied the bir lor servoes, $510,000.$ The bus ness ampected to celect liom this clent witan beo weeks.

$31$ Contri withdrew $53,000$ cash hom that business.