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they is 9 multiple-choice thank you Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects

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Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 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 Receivable $9 $ 29,000 -4,900 Supplies $ 4,000 Liabilities Accounts Payable $0 Land $ 28,500 4,900 Equity Common Stock Revenues 5 61,500 50 + . 1.190 2 1. 4 5. +1 120 -1,190 +2,850 $ 25,760 2,850 5.0 1,190 2,850 + $ 33,400 50 $ 61,500 + $2,850 Transaction Description 1 The company purchased and for 54,900 cash 2 3 4 5 The company billed a client 51,190 for services provided. The company billed a client $2,850 for services provided The company collected $2,850 cash from an account receivable The company paid $1,190 cash toward an account payable. transaction with its probable description. Assets Accounts Receivable $0 Cash $ 29,000 4,900 . Supplies $ 4,000 + Liabilities Accounts Payable $ Equity Common Stock Revenues $ 61,500 + $ Land $ 28,500 4,900 + + + + 1. 2. 3. 4. 5. 1,190 2,850 +1, 190 -1,190 +2,850 2,850 525,760 2,850 So -1,190 $5,190 $ 33,400 so $ 61,500 . $ 2,850 Transaction Description 1 The company purchased land for 54 900 cash 2 3 The company purchased $1,190 of supplies for cash. 4 The company purchased $1,190 of supplies on credit. 5 The company purchased land for $4,900 cash. The company received cash from a client $2,850 for services provided. The company sold land for $4,900 cash

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