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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
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 Iquity Accounts office office Accounts Common Transaction Cash + Receivable + Supplies + Furniture Payable Stock Revenues $3,000+ $ + $ $ $3,000 11,000+ o 3,000 8,000 11,000 8.000 3,000 16,000 4. 7.000 8.000 5.000 1,000 3,000 16,000 5. 49,000 8,000 5.000 1.000 45,000 16,000 + 5 @ + o + . + + . . . + + + . + . Description Transaction 1 2 3 4. 5
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