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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
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 Cash $30,000+ + Receivable + Supplies Land Liabilities Accounts Payable Equity Common Stock Revenues 50 $4,100 + $ 29,000 50 + $ 63,100+ $0 2. -5,000 5,000 2. + 1,200 +1,200 3. 2,900 2,900 4. -1,200 -1,200 5. +2,900 2,900 ces $ 26,700 5.0 $ 5,300 $ 34,000 $0 + $ 63,100. $2,900 Transaction 1 2 3 4 5 Description The company billed a client $1,200 for services provided. The company billed a client $2,900 for services provided. The company collected $2,900 cash from an account receivable. The company paid $1,200 cash toward an account payable
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