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. Assets = Liabilities + Equity Accounts Payable $ Common + Stock + Revenues + $ 55,800 + $ I = + + 1,080 Accounts Cash + Receivable + Supplies + Land $ 29,000 + $ 0 + $3,800 + $ 23,000 - 4.800 4.800 1, e8e 2,30e - 1,080 + 2,300 2,300 $ 25,420 $ $ 4,880 $ 27,800 1. 2. 3. 4. 5. + 2,3ee - 1,080 $ $ 55,800 + $ 2,300 + + + Transaction Description 1. Prev 3 of 7 HI Next > $ 29,000 + 4,800 $ 0 + $3,800 + $ 23,000 4,800 $ 0 + $ 55,800 + $ 1. 2. 3. 4 5. 1,080 + 1,080 2,300 + 2,300 1,080 + 2,300 $ 25,420 - 1,080 2,300 $ $4,880 $ 27,800 $ $ 55,800 + $ 2,300 Transaction Description 1 2. 3. es 4 5