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

Accounts Owner,
Cash Receivable Inventory Equipment Payable Capital
Bal. $6,000 $3,000 $8,000 $7,000 $4,000 $20,000
June 1 6,000 3,000 8,700 7,000 4,700 20,000
June 2 6,600 2,400 8,700 7,000 4,700 20,000
June 3 5,800 2,400 8,700 7,000 3,900 20,000
June 4 6,900 2,400 8,700 7,000 3,900 21,100
June 5 5,600 2,400 8,700 9,600 5,200 21,100
June 6 5,600 2,400 8,200 9,600 4,700 21,100
June 7 6,100 3,700 8,200 7,800 4,700 21,100
June 8 4,000 3,700 8,200 7,800 4,700 19,000
June 9 3,200 3,700 9,000 7,800 4,700 19,000
June 10 3,200 3,700 9,000 9,500 4,700 20,700

June 1: Acquired $700 of inventory on credit.
June 2: Received $600 from credit customers.
June 3: Paid $800 in accounts payable.
June 4: Owners invested an additional $1,100 in cash.
June 5: Acquired equipment costing $2,600, paying $1,300 in cash with the remaining $1,300 on account.
June 6: Returned inventory costing $500 and received a reduction in its accounts payable.
June 7: Sold equipment costing $1,800, receiving $500 in cash with the remaining $1,300 owed toTravel Tips
June 8: Owners withdrew $2,100 from Travel Tips company.
June 9: Bought $800 of inventory, paying cash.
June 10: Owners invested equipment in the business valued at $1,700.