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Accounts The following table shows the effects of transactions 1through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with

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Accounts The following table shows the effects of transactions 1through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets Liabilities Accounts Equity Common Cash +Receivable +Supplies + Land Payable + $ 24,000 + $ 0 $3,300 + $ 20,500 $ 0 Stock + Revenues +$ 47,800 + $ 0 1. 4,300 + 4,300 2. + 1,030 1,030 3. + 2,050 2,050 4. - 1,030 1,030 5. 2,050 2,050 $ 20,720 $ 0 + $ 4,330 + $ 24,800 = $ 0 + $ 47,800 + $ 2,050 Transaction 1. 2. 3. 4. 5. Description

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