Soo Lin Began an Internet Consulting Practice and Completed These

question 1

Essay

Soo Lin began an Internet Consulting practice and completed these transactions during April of the current year:
Show the effects of the above transactions on the accounting equation of Soo Lin, Consultant. Use the following format for your answers. The first item is shown as an example.
Increase = I Decrease = D No effect = N
$$\begin{array} { | c | c | c | c | } \hline \text { Date } & \text { Assets } & \text { Liabilities } & \text { Equity } \\\hline \text { Example: } & & & \\\hline \text { April 1 } & \text { I } & \text { N } & \text { I } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$

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Definitions:

Distinct Industries

Sectors of the economy that produce different types of goods or services, separated by clear boundaries in terms of product types and market applications.

Market Shares

The segment of a market dominated by a specific company or product.

Natural Monopolists

Firms that can provide a product or service at a lower cost than any competitor, often due to economies of scale, resulting in a single supplier in the market.

Industrial Regulation

Regulatory policies and procedures designed to control or supervise industries with the goal of promoting fair competition, reducing monopoly power, and protecting consumer interests.