Zen began a new consulting firm on January 5. Following are total account balances after each of the company's first five transactions (using the accounting equation form). Analyze the accounting equation for each transaction and match the given transaction with its most likely description.

Transaction	Assets	=	Liabilities	+	Equity
Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Zen, Capital	+	Revenues
1.	$ 42,000	+	$ 0	+	$ 0	+	$ 0	=	$ 0	+	$ 42,000	+	$ 0
2.	38,000	+	0	+	7,000	+	0	=	3,000	+	42,000	+	0
3.	28,000	+	0	+	7,000	+	10,000	=	3,000	+	42,000	+	0
4.	28,000	+	8,000	+	7,000	+	10,000	=	3,000	+	42,000	+	8,000
5.	31,000	+	8,000	+	7,000	+	10,000	=	3,000	+	42,000	+	11,000