Zen began a new consulting firm on January 5 the accounting equation showed for the following balances after each of the companies first five transactions analyze the accounting equation for each transaction.

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 Liabilities Equity Accounts Office Office Accounta Zen, Transaction Cash + Receivable Supplies + Furniture Payable Capital Revenues 1. $.40.000 + $ 0 + $ 0 $ 0 $ 0 + $ 40,000 $ 0 2. 38,000 + 0 3,000 0 1.000 40,000 0 3. 30,000 - 0 3.000 8.000 1,000 40,000 0 4. 30,000 6.000 3,000 9.000 1.000 40,000 6.000 5. 31,000 6,000 3,000 8,000 1.000 40,000 7.000 + + + Description Transaction 1. 2 3 4. 5