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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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