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Please answer this question with the following transactions! Thank you The following table shows the effects of transactions 1 through 5 on the assets, liabilities,
Please answer this question with the following transactions! Thank you
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 Accounts Receivable Supplies $ 0 + $ 3,500 = Liabilities Accounts Payable $ 0 Equity Common Stock Revenues $ 51,000 $ 0 Cash $ 26,000 -4,500 + + + Land $ 21,500 4,500 + + + 1,050 +1,050 rinimas 2,150 2,150 -1,050 -1,050 +2,150 $ 22,600 2,150 $ 0 $ 4,550 $ 26,000 $ 0 $ 51,000 $ 2,150 Transaction Description 1. 2. 3. 4 5. The company billed a client $1,050 for services provided. The company billed a client $2,150 for services provided. The company collected $2,150 cash from an account receivable. The company paid $1,050 cash toward an account payableStep by Step Solution
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