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4 66 ints Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company's

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4 66 ints Zen 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 match the given transaction with its most likely description. Assets Liabilities + Equity Transaction Cash 1. Accounts +Receivable +Supplies $40,000+ $ 0 + $ Office + Equipment = $ Accounts Payable + Common Stock Revenues $ 0 + $40,000+ 2. eBook 32,000 + + 0 + 8,000. + 40,000+ $ 8 0 3. 33,000+ + 8,000 4. 34,000+ e + 0 + 8,000 41,000+ 41,000+ 34,000+ 6,000 0 + 8,000 e + 41,000+ e 1,000 7,000 Print Transaction. References 1. The owner invested $40,000 cash in the business. 2 The company purchased equipment for $8,000 cash. 3. 4. 5. Description

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