Using the accounting equation to analyze transactions and calculate net income or net loss...

Using the accounting equation to analyze transactions and calculate net income or net loss

The analysis of the first eight transactions of All-in-one Accounting Service follows.

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

Requirements

1. Describe each transaction.

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2. If these transactions fully describe the operations of All-in-one Accounting Service during the month, what was the amount of net income or net loss?