Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 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. Assets Accounts Receivable Supplies SO - $ 3,900 Cash $ 28,000 -4,800 - + + - Liabilities + Accounts Payable + Equity Common Stock Revenues $ 59,900 $0 Land $ 28,000 4.800 + $0 + 1,180 1. 2. 3. 4. 5. +1,180 2,800 2,800 -1,180 -1,180 +2,800 $ 24,820 2,800 $0 + $ 5,080 + $ 32,800 $0 $ 59,900 $ 2,800 Transaction Description 1. 2. 3. 4. 5. Prey 1 of 1 : Next