Effects of transactions on balance sheet items
Show the effect of each of the seven listed transactions on the balance sheet items of Distinctive Draperies.Indicate the new balances after the transaction of May 2 and each subsequent transaction.The effects of the May 1 transaction are already filled in to provide you with an example. 
Definitions:
Bushels Demanded
The quantity of a commodity, measured in bushels, that consumers are willing to purchase at a given price.
Bushels Supplied
A measurement reflecting the quantity of a commodity, like grain, provided for sale at a given time.
Market Equilibrium
A state in a market where supply equals demand, and neither buyers nor sellers have the incentive to change prices or quantities.
Demand Curves
Graphical representations showing the relationship between the price of a good or service and the quantity demanded for a given period.
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