Reza Piemo recently started a business. During the first few days of operation, Mr. Pierno transferred \($15,000\) from his personal account into a business account for a company he named Pierno Enterprises. Pierno Enterprises borrowed \($20,000\) from the State Bank of Renu. Mr. Pierno’s father-in-law, Edward Goebel, invested \($32,000\) into the business for which he received a 25 percent ownership interest. Pierno Enterprises purchased a building from Stokes Realty Company. The building cost \($60,000\) cash. Pierno Enterprises earned \($28,000\) in revenue from the company’s customers and paid its employees \($17,000\) for salaries expense.

Required:-

Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify.