Homework Saved Help Save Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company's first five transactions. Analyze the accounting equation for each transaction and match the given transaction with its most likely description Transaction 1 2. Cash $ 3,000 11,000 11,000 7,000 49,000 Assets - Liabilities + Equity Accounts Office office Accounts Common + Receivable + Supplies + Furniture - Payable Stock + Revenues + $ 0 + $ 0 $ 0 $ 0 + $ 3,000 + $ 0 + 0 0 + 0 0 + 3,000 + 8,000 + 8,000 0 0 - 0 + 3,000 + 16,000 8,000 5,000 0 1,000 3,000 + 16,000 8.000 5,000 0 1,000 45,000 + 16,000 + + 5. Description Transaction 1 2. 3 4. 5. The company billed a customer $8,000 for services provided. The company paid its supplier $8,000 for services provided. The company provided services for $8,000 cash. The company purchased supplies for $5,000 by paying $4,000 cash and putting $1,000 on credit