Exercise $1-12($Algo$)$ Analysis using the accounting equation LO P$1$

Zen began a new consulting firm on January $5.$ The accounting equation showed the following financial summary for each of the

company's. Analyze the accounting equation for each transaction and match the given transaction with its most likely description.

The company billed a customer $$1,000$ for services provided.

The company provided services for $$10,000$ cash.

The company provided services for $$44,000$ cash.

The company purchased supplies for $$7,000$ by paying $$6,000$ cash and putting $$1,000$ on credit.