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P1-33A Zelinsky Electronics, Corp., was recently formed as a corporation. The balance of

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P1-33A Using the accounting equation for transaction analysis [20–25 min]

Zelinsky Electronics, Corp., was recently formed as a corporation. 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.

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