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 theiramounts.

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Assets Liabllitles + Accounts Recelv Office Office Furni- Trans- action Cash Sup- Accounts Zen +able + plies +turePayable CapitalRevenues $40,000 0 +$ 0$0$0 0,000 $40,000 40,000 0 b. C. d. e. 38,000+ 30,000 + 30,0006,000 31,000 6,000 +3,000 0 0 +3,000 8,000 ,000 40.000 + 1,000 40.000 6,000 +3,000+8,000,000 40,000 7,000 3.0008,000