A service proprietorship shows five transactions summarized below. The effect of each transaction on the accounting equation is shown, and also the new balance of each item in the equation. For each transaction (a) to (e) write an explanation of the nature of the transaction. 
Definitions:
Performance Achievement
The process of meeting and exceeding set performance standards or goals within an organization.
Expected Behaviours
The conduct or actions that an organization anticipates from its employees, based on its values, policies, and culture.
Critical-Incident Technique
A method used in management and training to collect direct observations of human behavior to identify events that lead to success or failure.
Restaurant
A business establishment where meals or refreshments can be purchased.
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