(L. OBJ. 7, 8, 9) Using the accounting equation to analyze transactions and calculate ne...

(L. OBJ. 7, 8, 9) Using the accounting equation to analyze transactions and calculate net income or net loss [10—15 min]

The analysis of the first eight transactions of Printman Copy & Print Service follows.

The owner made only one investment and there were no owner withdrawals.

Requirements

1. Describe each transaction.

2. If these transactions fully describe the operations of Printrnan Copy & Print Service during the month, what was the amount of net income or net loss?