Given below are the daily balances in the accounts of Travel Tips,Inc..Assuming only one transaction occurred each day,explain the nature of each transaction from June 1 to June 10.

\begin{array}{l}\begin{array} {llll} &\text { Cash } &\text { Receivable } \\\text { Bal. } & \$6,000 & \$3,000 \\\text { June 1 } & 6,000 & 3,000 \\\text { June 2 } & 6,600 & 2,400 \\\text { June 3 } & 5,800 & 2,400 \\\text { June 4 } & 6,900 & 2,400 \\\text { June 5 } & 5,600 & 2,400 \\\text { June 6 } & 5,600 & 2,400 \\\text { June 7 } & 6,100 & 3,700 \\\text { June 8 } & 4,000 & 3,700 \\\text { June 9 } & 3,200 & 3,700 \\\text { Iune 10 } & 3,200 & 3,700\end{array}\begin{array} { llll } \text { Inventory } & \text { Equipment } \\\$ \$ 8,000 & \$ 7,000 \\8,700 & 7,000 \\8,700 & 7,000 \\8,700 & 7,000 \\8,700 & 7,000 \\8,700 & 9,600 \\8,200 & 9,600 \\8,200 & 7,800 \\8,200 & 7,800 \\9,000 & 7,800 \\9,000 & 9,500\end{array}\begin{array} { llll } \text { Accounts Payable } & \text { Owner Capital } \\\$ 4,000 & \$ 20,000 \\4,700 & 20,000 \\4,700 & 20,000 \\3,900 & 20,000 \\3,900 & 21,100 \\5,200 & 21,100 \\4,700 & 21,100 \\4,700 & 21,100 \\4,700 & 19,000 \\4,700 & 19,000 \\4,700 & 20,700\end{array}\end{array}

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