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Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company's first five transactions.

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Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company's first five transactions. Analyze the accounting equation for each transaction and match the given transaction with its most likely description. Assets Accounts Office office +Receivable Supplies + Furniture Transaction Cash 2. $ 5,000 + $ e + $ + $ 2. 3. 15,000 + 15,000 + e + + 10,000 + + 4. 9,000 + 5. 53,000+ 10,000 + 10,000 7,000 7,000 + Liabilities + Equity Accounts Payable Zen, +Capital + Revenues 0 $ 0 + + $ 5,000 + 5,000 + $ 0 10,000 0 + 5,000 + 20,000 1,000 1,000 5,000 + 20,000 49,000 + 20,000 Transaction Description The owner invested $5,000 cash in the business 2 The company received $5,000 cash from a bank loan. 3. The owner invested $5,000 cash in the business. 4. The company billed a customer $1,000 for services provided. 5 The company provided services for $10,000 cash.

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