C The following table shows the effects of transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique Match each transaction with its probable description Cash $ 25,000 + Assets Accounts Receivable $0 + Supplies $ 3.600 Liabilities Accounts Payable 0 Land $ 26,500 4.500 Equity Common Stock Revenues $ 55,100 + $0 -4,500 + ( * * * 1 2 3 4 5 1,150 2,650 +1,150 + 2,650 -1.150 +2,650 $ 22,000 1150 2,650 $ 0 54,750 - 5 31,000 30 5 55,100 $ 2,650 55,100 Transaction Description 1. The company purchased land for $4,500 cash 2. The company purchased $1,150 of supplies on credit, 3. 4. 5 5 The company billed a client $2,650 for services provided. The company collected $2,650 cash from an account receivable. The company paid $1,150 cash toward an account payable. The company paid $2,650 cash toward an account payable. The company purchased $1,150 of supplies for cash. TARAN and 1 100 of mannlinnan H. Transaction Description 1. The company purchased land for $4,500 cash 2. The company purchased $1,150 of supplies on credit 3. 4. 5. The company purchased $1,150 of supplies for cash. The company purchased $1,150 of supplies on credit. The company purchased land for $4,500 cash. The company received cash from a client $2,650 for services provided. The company sold land for $4,500 cash. 4 5