Mulan began a new consulting firm on January 5. 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 Trans- Receiv- Sup- Office Furni- action Cash + able + plies + ture = Accounts Payable Mulan, +Capital + Revenues a. $20,000+ $ 0 + $ 0 + $ 0 = $ 0 + $20,000 + $ 0 b. 19,000+ 0 + 1,500 + 0 500 + 20,000 + 0 c. 11,000 + 0 + 1,500 + 8,000 500 + 20,000 + 0 d. 11,000 + 3,000 + 1,500 e. 11,500 + 3,000 + 1,500 ++. 8,000 500 + 20,000 + 3,000 8,000 500 + 20,000 + 3,500