Chapter 1 Assigment Accounting in Business 5 Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 The wing table shows the effects of transactions through 5 on the assets, abilities, and equity of Mulan's Boutique. Match each action with its probable description Lash Supplies $1,300 Land $33,500 4,900 Liabilities Accounts Payable 50 Equity Common Stack $57,400 Revenues 50 +1,000 3,350 3,15 2,350 - 14,9 $21,400 5.0 $57,400 $2,350 Description 3 A The company billed a client $1,090 for services provided The campony billed a client $2,350 for services provided. The company collected $2,350 cash from an account receivable. The company paid $1,090 cash toward an account payable