Theresa owns and operates a general store. State which of the actions below are business transactions. Explain why any other actions are not regarded as transactions.

1. Theresa reduces the price of a gallon of milk to match the price offered by a competitor.

2. Theresa pays a high school student cash for cleaning up the driveway behind the store.

3. Theresa fills her son's car with gasoline in payment for restocking the vending machines and the snack food shelves.

4. Theresa pays interest to herself on a loan she made three years ago to the business.