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please answer 1-5 Checkm 7 Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 a points The following table shows the effects
please answer 1-5
Checkm 7 Exercise 1-11 Identifying effects of transactions on the accounting equation LO P1 a points The following table shows the effects of transactions through 5 on the assets, Habilities, and equity of Multan's Boutique Match the given transaction with its probable description Assets Liabilities Equity Accounts office Accounts Comon Cash Receivable + Supplies + Land Payable + Stock Revenues $24,000 so 53,380 +$22,000 - 0 + $ 49,300 $ 1.- 4,300 - 0 4,300 0 . 2... 2.100 0 + a + @ 2.100 3.- 2.300 2.300 4. - 1,300 1,300 + + 5. + 2,200 0 0 + 0 2,200 $ 22,900 $200 $4,600 +526,300 $ 551,500 $2,100 Print - ference Description Transaction 1 2 3 4 5. The company billed a client $2,100 for services provided. The company collected $2,300 cash from an account receivable The company paid $2,300 cash for an account payable The company purchased land for 54,300 cash. The company purchased office supplies for $1,300 cash Step by Step Solution
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