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TERI WEST OPERATES HIS OWN CATERING SERVICES. SUMMARY FINANCIAL DATA FOR JULY ARE REPRESENTED IN EQUATION FORM AS FOLLOWS. EACH LINE DESIGNATED BY A NUMBER

TERI WEST OPERATES HIS OWN CATERING SERVICES. SUMMARY FINANCIAL DATA FOR JULY ARE REPRESENTED 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 OWNER'S EQUITY \ EXCEPT TRANSACTION (5) , AFFECTS NET INCOME EXPENSES -39,500

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