Requirement $1.$ Classify each of the events as one of the following: $($Type a$,$ b$,$ or c for each event.$)$

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

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

c$.$ A personal transaction not to be accounted for by the business.

Aug. $4$ C Griffinreceived $$240,000$ cash from his former partners in the firm from which he resigned.

$5$ A Griffininvested $$190,000$ cash in his business.

$5$ A The business paid office rent expense for the month of August $$3,000.$

$6$ A The business paid $$1,000$ cash for letterhead stationery for the office.

$7$ A The business purchased office furniture for the office on account for $$7,000,$ promising to pay within six months.

$10$ C Griffinsold $2,000$ shares of Royal Bank stock, which he had owned for several years, receiving $$27,000$ cash from his stockbroker.

$11$ C Griffindeposited the $$27,000$ cash from sale of the Royal Bank shares in his personal bank account.

$12$ B A representative of a large construction company telephoned Griffinand told him of the company's intention to transfer its accounting work to Griffinlsusiness.

$29$ A The business performed an audit for a client and submitted the bill for services, $$22,000.$ The business expected to collect from this client within two weeks.

$31$ A$)$ Griffinwithdrew $$4,800$ cash from the business.