Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the companys first five transactions. Analyze the accounting equation for each transaction and describe each of the five transactions with their amounts.

Help Save & Exit Check my Assets = Liabilities + Equity Transaction 1. 2. 3. 4. 5. Cash $ 1,000 2,000 2,000 0 Accounts Office + Receivable + Supplies + + $ 0 + $ 0 + + 0 + 0 + + 0 + 0 + + 0 + 3,000 + + 0 + 3,000 + office Furniture $ 0 0 8,000 8,000 8,000 - Accounts Payable $ 0 0 8,000 9,000 9,000 Common + Stock + $ 1,000 + 1,000 + 1,000 + 1,000 + 1,000 + Revenues + $ 0 + 1,000 + 1,000 + 1,000 + 7,000 6,000 Transaction Description 1. The owner invested $1,000 cash in the business. 2. 3. 4. 5