Graham Roofing Company, owned by R. Graham, began operations in May and completed the following transactions during that first month of operations. Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns in the table below. Do not determine new account balances after each transaction. Determine the final total for each account and verify that the equation is in balance.
Definitions:
Contact Comfort
The importance of physical touch and closeness in the psychological development of infants.
Physical Contact
The act of touching or being in direct contact with someone or something, often important for emotional and physical well-being.
Pleasure
A feeling of happiness, satisfaction, or enjoyment that can arise from sensory experiences, accomplishments, or social interactions.
Differential Emotions Theory
Izard’s view that the major emotions are distinct at birth but emerge gradually in accord with maturation and the child’s developing needs.
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