- 10 ng the quation Zen began a new consulting firm on January 5. Following is a financial summary, including balances for each of the company's first five transactions (using the accounting equation form) Assets - Liabilities - Transaction Cash + + + + $40.000 38.000 30.000 30.000 31000 Accounts Receivable $ 0 0 0 6,000 6,000 + + + + + Omice Supplies $ 0 3,000 3.000 3,000 3,000 + + + + + = Office Furniture $ 0 0 8.000 8.000 3.000 + + + + Equity Zen, + Revenues Capital $40.000 + $ 0 40.000 + 0 40.000 + 40.000 + 6.000 40 000 + 7.000 Accounts Payable $ 0 1,000 1000 1,000 1,000 - = + + + Identify the explanation from a through j below that best describes each transaction / through 5 above and enter it in the blank space in front of each numbered transaction. a. The company purchased office furniture for $8,000 cash. b. The company received $40,000 cash from a bank loan. C. The owner invested $1,000 cash in the business. d. The owner invested $40,000 cash in the business. e. The company purchased office supplies for $3,000 by paying $2,000 cash and putting $1,000 on credit. f. The company billed a customer $6,000 for services provided. g. The company purchased office furniture worth $8,000 on credit. h. The company provided services for $1,000 cash. 1. The company sold office supplies for $3,000 and received $2,000 cash and $1,000 on credit 1. The company provided services for $6,000 cash. The following table shows the effects of transactions / through 5 on the assets, liabilities, and equity of Mulan's Boutique, fects of on the Quation Assets - Labilities + Equity Cash + + Land + + Revenues + Accounts Receivable + $ 0 Office Supplies $3,000 Accounts Payable $ 0 Mulan, Capital $43,000 $ 21,000 + + + $19,000 4,000 = + + $ 0 - 4.000 - _2 + 1,000 +1,000 + 1.900 + 1.900 - 1.000 - 4 - 1,000 -5 + 1,900 $17.900 - + 1,900 $ 0 + $4,000 + $23.000 = $ 0 + $43.000 + $1,900 Identify the explanation from a through below that best describes cach transaction / through 5 and enter it in the blank space in front of each numbered transaction. a. The company purchased $1,000 of office supplies on credit. b. The company collected $1,900 cash from an account receivable. c. The company sold land for $4.000 cash. d. The owner withdrew $1,000 cash from the business, e. The company purchased office supplies for $1,000 cash. f. The company purchased land for $4,000 cash. g. The company billed a client $1,900 for services provided. h. The company paid $1,000 cash toward an account payable. 1. The owner invested $1,900 cash in the business The company sold office supplies for $1,900 on credit