httpsnewconnectmheducationcomflowconnecthtml 90 Zen began a

&https;://newconnect.mheducation.com/flow/connect.html 90% Zen began a new consulting firm on January 5. The accounting equ first five tran ation showed the following balances after each of the company\'s e accounting equation for each transaction and match the given transaction with its most likely description office office Cosor Receivable 0+S0+S0=$0+$40,000 0+3,000+ 03,000 8, 000 1,000 40, 000 01,00040,000 38,000+ 30,000+ 30,0006, 000 3,000 8,0001,00040, 0006,000 31,000 + 6,000 + 3,000 + 8,000 1,000 + 40,000 + 7,000

Solution

Answer:

No.

Description

1.

The owner invested $40,000 cash in the business in exchange for its Common Stock

2.

The Company purchased office Supplies for $3,000 by paying $2,000 Cash and putting $1,000 on Credit

3.

The Company purchased office furniture for $8,000 Cash

4.

The Company billed a Customer $6,000 for Services provided

5.

The Company provided services for $1,000 Cash

No.	Description
1.	The owner invested $40,000 cash in the business in exchange for its Common Stock
2.	The Company purchased office Supplies for $3,000 by paying $2,000 Cash and putting $1,000 on Credit
3.	The Company purchased office furniture for $8,000 Cash
4.	The Company billed a Customer $6,000 for Services provided
5.	The Company provided services for $1,000 Cash