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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
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 Liabilities + Equity Accounts Accounts Common Cash Receivable Supplies $23,000+ $ 0 + $3,200 1. 4,200 + Land $20,000 = 4,200 Payable $ 0 Stock +Revenues. +$46,200 $0 2. 1,020 +1,020 3. + 2,000 2,000 4. 1,020 -1,020 5. +2,000 2,000 $19,780 + e $4,220 +$24,200= $ $46,200+ $2,000 Transaction 1 2 3. 4 5. Description
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