Zen began a new consulting firm on January 5. The accounting equation showed the following financial summary for each the company's first five transactions. Analyze the accounting equation for each transaction and match the given transactio with its most likely description. Assets = Accounts Liabilities + Accounts Equity Common Transaction Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues 1. $ 40,000 + $ 0 + $ 0 + $ 0 = $ 0 + + $ 0 40,000 2345 38,000 + 0 + 3,000 + 0 = 30,000 + 0 + 3,000 30,000 + 6,000 + 3,000 + + + 8,000 = 1,000 1,000 + + 40,000 + 0 40,000 + 0 + 8,000 = 1,000 + 40,000 + 6,000 31,000 + 6,000 + 3,000 + 8,000 = 1,000 + 40,000 + 7,000 Transaction 1. Description 2. 3. 4. 5.