Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the companys first five transactions. Analyze the accounting equation for each transaction and match the given transaction with its most likely description.

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 Payable $ 0 0 + + = + + Accounts Office Office + Receivable + Supplies + Furniture $ 0 $ 0 + $ 0 + 0 + 0 + 8,000 0 + 0 + 8,000 + 0 + 0 + 8,000 + 6,000 + 0 + 8,000 + Transaction 1. 2. 3. 4. 5. Cash $ 40,000 32,000 33,000 34,000 34,000 + Common Stock $ 40,000 40,000 41,000 41,000 41,000 Revenues $ 0 0 0 1,000 7,000 + + + 0 0 = + + 0 + + Transaction Description 1. The owner invested $40,000 cash in the business. The company purchased equipment for $8,000 cash. 2. 3. Th nondonuinment for connn noob The company billed a customer $6,000 for services provided. 4. The company paid its supplier $1,000 for services provided. 5. The company provided services for $1,000 cash. The company provided services for $6,000 cash. The company purchased equipment for $8,000 cash. The company purchased equipment for $8,000 on credit