The following table shows the effects of transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each
transaction with its probable description.
Assets
Liabilities
Equity
Cash
Accounts
Receivable
Supplies
Land
Accounts Payable
Mulan,
Capital
Revenues
1.
$ 30,000 +
$ 0
+
$ 3,900
+
$ 23,500
$
0
+
$ 57,400
+
$ 0
2.
4,900
0
1,090
4,900
0
0
0
3.
0
0
0
0
+
1,090
0
0
4.
0
+
2,350
0
0
-
1,090
0
+
2,350
5.
1,090
-
2,350
0
0
0
0
0
$ 26,360
$ 0
+
$ 4,990
+
$ 28,400
$ 0
+
$ 57,400
+
$ 2,350
Transaction
Description
1.
2.
3.
4.
5.