Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company's first five transactions. Analyze the accounting equation for each transaction and describe each of the five transactions with their amounts.

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Trans- action a. b. C. d. e. Cash $20,000+ $ 18,000 + 10,000 + Assets Accounts Receiv- + able 10,000 + 11,000 + 0 0 0 6,000 6,000 Office Sup- + plies + $ 0 + + 3,000 + + 3,000 + + + Office Furni- + ture = = Liabilities + 3,000 + 3,000 + $0 = 0 = 8,000 = Accounts Payable $0 1,000 1,000 8,000 = 1,000 8,000 = 1,000 Equity Zen, + Capital + Revenues + + + + + $20,000 + $ 20,000 + 20,000 + 20,000 + 20,000 + 0 0 0 6,000 7,000 Trans- action a. b. C. d. e. Cash $20,000+ $ 18,000 + 10,000 + Assets Accounts Receiv- + able 10,000 + 11,000 + 0 0 0 6,000 6,000 Office Sup- + plies + $ 0 + + 3,000 + + 3,000 + + + Office Furni- + ture = = Liabilities + 3,000 + 3,000 + $0 = 0 = 8,000 = Accounts Payable $0 1,000 1,000 8,000 = 1,000 8,000 = 1,000 Equity Zen, + Capital + Revenues + + + + + $20,000 + $ 20,000 + 20,000 + 20,000 + 20,000 + 0 0 0 6,000 7,000

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a Started the business with the owner investing 20000 cash in ... View the full answer