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The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction

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The following table shows the effects of five transactions (1 through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Assets = Liabilities + Equity Accounts Receivable $ 0 + Office Supplies $3,000 Cash $ 21,000 4,000 + Accounts Payable $ Land $ 19,000 + Common Stock $ 43,000 Revenues $ + + + + + - 4,000 1,000 + 1,000 1. 2. 3. 4. 5. 1,900 + 1,900 - - 1,000 1,000 1,900 $ 17,900 + 1,900 ta $ 4,000 $ 23,000 $ $ 43,000 $ 1,900 Transaction Description 1. 2. 3. 4. 5. The company billed a client $1,900 for services provided. The company collected $1,900 cash from an account receivable. The company paid $1,000 cash in dividends to shareholders. The company paid $1,000 cash toward an account payable

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