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Zen began a new consulting firm on January 5. The accounting equation showed the following financial summary for each of the company's. Analyze the
Zen began a new consulting firm on January 5. The accounting equation showed the following financial summary for each of the company's. Analyze the accounting equation for each transaction and match the given transaction with its most likely description. Assets Accounts Transaction Cash +Receivable Supplies + Equipment Liabilities + Equity 1. Transaction 2 5 Accounts Common $1,000+ 2,000 + 50+> 0+ 50 Payable + Stock 50 +$1,000+ Revenues 50 . 1,000+ 1,000 2,000+ 8+ 8,000 5,000 + 1,000 + 1,000 e +0+ 3,000 + 8,000 9.000 1,000+ 1,000 6,000 + 0 + 3,000 8,000 9,000 . 1,000+ 7,000 Description
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