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 Receivable $ 0 + + + + + + + + + + Office Supplies $ 0 19,000 19,000 19,000 19,000 + Revenues 0 0 Office Furniture 0 0 16,000 16,000 16,000 = Transaction 1. 2. 3. 4. 5. Accounts Payable $ 9,000 9,000 9,000 9,000 Cash $ 48,000 38,000 22,000 22,000 31,000 + Common Stock $ 48,000 48,000 48,000 48,000 48,000 + + + = + + + + + + + 14,000 14,000 14,000 23,000 + + + + + Transaction Description 1. The company received $48,000 cash from a bank loan. 2. 3. 4. 5