The following table shows the effects of transac through 5 on the assets, liabilities, and equity o Boutique. Match each transaction with its proba description.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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fects of transactions 1
5, and equity of Mulan's
i with its probable
Liabilities
Equity
Mulan,
Supplies
$ 4,000
= Accounts Payable +
$ 0
Land
Capital
$ 61,500
+
+
Revenues
$ 28,500
4,900
+
+
+
$ 0
+
1,190
1,190
+
+
2,850
1,190
$ 5,190
$ 33,400
$ 0
$ 61,500
$ 2,850
+
+
iption
Transcribed Image Text:fects of transactions 1 5, and equity of Mulan's i with its probable Liabilities Equity Mulan, Supplies $ 4,000 = Accounts Payable + $ 0 Land Capital $ 61,500 + + Revenues $ 28,500 4,900 + + + $ 0 + 1,190 1,190 + + 2,850 1,190 $ 5,190 $ 33,400 $ 0 $ 61,500 $ 2,850 + + iption
The following table shows the effects of transactions 1
through 5 on the assets, liabilities, and equity of Mulan's
Boutique. Match each transaction with its probable
description.
Assets
Li
Accounts
= Accou
Supplies
$ 4,000
Cash
+
Receivable
+
+
Land
$ 28,500 =
4,900
$ 29,000 +
$ 0
+
+
1.
4,900
+
2.
1,190
3.
2,850
1,190
2,850
$ 25,760
4.
2,850
$ 0
5.
$ 5,190
$ 33,400 =
+
Transaction
Description
1.
2.
3.
4.
5.
+
Transcribed Image Text:The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets Li Accounts = Accou Supplies $ 4,000 Cash + Receivable + + Land $ 28,500 = 4,900 $ 29,000 + $ 0 + + 1. 4,900 + 2. 1,190 3. 2,850 1,190 2,850 $ 25,760 4. 2,850 $ 0 5. $ 5,190 $ 33,400 = + Transaction Description 1. 2. 3. 4. 5. +
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