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Zen began a new consulting firm on January 5. Following is a financial summary, including balances, for each of the company's first five transactions (using

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Zen began a new consulting firm on January 5. Following is a financial summary, including balances, for each of the company's first five transactions (using the accounting equation form). Page 30 Equity Revenues $ Assets tion Cash + Accounts + Office + Office Receivable Supplies Furniture $40,000 + $ 0 $ 0 + $ 0 38.000 + 0 3.000 + 0 30.000 + 0 3.000 8.000 30.000 + 6,000 3.000 + 8.000 31.000 + 6.000 3,000 8.000 = Llabilities + - Accounts + Zen, Payable Capital $ 0 + $40,000 1.000 40.000 1,000 40,000 1.000 40.000 1.000 40,000 + 0 + + + 0 + + 6.000 7.000 - + + Identify the explanation from a through j below that best describes each transaction / through 5 above and enter it in the blank space in front of each numbered transaction. a. The company purchased office furniture for $8.000 cash. b. The company received $40,000 cash from a bank loan. c. The owner invested $1,000 cash in the business. d. The owner invested $40,000 cash in the business. e. The company purchased office supplies for $3,000 by paying $2.000 cash and putting $1.000 on credit. f. The company billed a customer $6,000 for services provided. g. The company purchased office furniture worth $8,000 on credit. h. The company provided services for $1.000 cash. i. The company sold office supplies for $3,000 and received $2.000 cash and $1,000 on credit j. The company provided services for $6,000 cash

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