P1-42B Alterri Mechanical, Corp.,

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P1-42B Using the accounting equation for transaction analysis [20–25 min]Alterri Mechanical, Corp., was recently formed as a corporation. The balance of
each item in the company’s accounting equation is shown for November 1 and for
each of the following business days:

Requirement1. A single transaction took place on each day. Briefly describe the transaction that
most likely occurred on each day, beginning with November 4. Indicate which
accounts were increased or decreased and by what amounts. Assume that no revenue
or expense transactions occurred during the month.