The accounting equation showed the following balances after each of the company’s first five transactions. Analyze the accounting equation for each transaction and describe each of the five transactions with their amounts.

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Assets Liabilities Equity Accounts Office Office Trans- Receiv- Sup- Furni- Accounts action Cash + able + plies + ture = Payable + a. $40,000+ $ 0 + $ 0 + $ 0 = $ 0 + Zen, Capital + Revenues $40,000+ $ 0 b. 38,000 + 0 + 3,000 + 0 == 1,000 + 40,000 + 0 C. 30,000 + 0 d. 30,000 + 6,000 ++ 3,000 + 8,000 = 1,000 + 40,000 + 3,000 + 8,000 == 1,000 + 40,000 + 6,000 e. 31,000 + 6,000 + 3,000 + 8,000 1 1,000 + 40,000 + 7,000