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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 Cash = Accol Supplies $ 4,000 Receivable + Land $ 29,000 + 4,900 $ 0 $ 28,500 4,900 1. 2. 1,190 3. 2,850 1,190 2,850 $ 25,760 + 4. 5. 2,850 + $ 0 $ 5,190 $ 33,400 + %3D + +

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 Cash = Accol Supplies $ 4,000 Receivable + Land $ 29,000 + 4,900 $ 0 $ 28,500 4,900 1. 2. 1,190 3. 2,850 1,190 2,850 $ 25,760 + 4. 5. 2,850 + $ 0 $ 5,190 $ 33,400 + %3D + +

FINANCIAL ACCOUNTING
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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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 Cash Receivable = Accou Supplies $ 4,000 + Land $ 29,000 + 4,900 $ 0 $ 28,500 = + + 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. II
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 Cash Receivable = Accou Supplies $ 4,000 + Land $ 29,000 + 4,900 $ 0 $ 28,500 = + + 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. II
fects of transactions 1 5, and equity of Mulan's i with its probable Liabilities Equity Supplies $ 4,000 = Accounts Payable + $ 0 Mulan, Сapital $ 61,500 + Land + Revenues $ 28,500 = $ 0 + 4,900 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 Supplies $ 4,000 = Accounts Payable + $ 0 Mulan, Сapital $ 61,500 + Land + Revenues $ 28,500 = $ 0 + 4,900 1,190 1, 190 + 2,850 1,190 $ 5,190 $ 33,400 $ 0 $ 61,500 + $ 2,850 + iption
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