E1-22 The analysis of the first eight transactions of All-in-one Accounting Service, Inc., follows. Stockholders made only one investment and there were no dividend payments

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E1-22 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 All-in-one Accounting Service, Inc., follows.
Stockholders made only one investment and there were no dividend payments.

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