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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- Liabilities + Assets Accounts Office Office ReceivSup- Fur Accounts Common Equity Trans- action Cash +able +plies + ture = Payable + Stock + Revenues $20,000+$ 0 +$ 0+$ 0=$ 0 + $20,000 + $ 0 18,000 3,000+ 10,000 + 0 +3,000 + 8,000=1,000 + 20,000 + 10,000 6,000 3,000 8,000,000 20,000 6,000 11,0006,000 3,0008,0001,00020,000 7,000 b. 0=1,000 + 20,000 + C. e.