Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Aspets Liabilities Cash Accounts Receivable $30,000 $0 Supplies $ 3,900 Land Accounts Payable + $ 23,500- $ 0 Equity Mulan, Capital - $ 57, 400+ Revenues $0 4.900 4,900 1,090 1,090 2,350 2.350 1,090 1,090 2,350 2.350 $ 26,360 $0 $ 4,990 $ 28,400 $ 0 $ 57,400 $2,350 Transaction 1 2. 3 4 5. Description The company billed a client $1,090 for services provided. The company 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.