Using the accounting equation for transaction analysisZelinsky Electronics was recently fo...

Using the accounting equation for transaction analysis

Zelinsky Electronics was recently formed as a proprietorship. The balance of each item in the company’s accounting equation is shown for October 1 and for each of the following business days.

Requirement

1. A single transaction took place on each day. Briefly describe the transaction that most likely occurred on each day, beginning with October 4. Indicate which accounts were increased or decreased and by what amounts. Assume that no revenue or expense transactions occurred during the month.