- The Following Table Shows The Effects Of Transactions Through 5 On The Assets Liabilities And Equity Of Mulan S Boutiq 1 (41.74 KiB) Viewed 47 times
The following table shows the effects of transactions through 5 on the assets, liabilities, and equity of Mulan's Boutique. Mat transaction with its probable description. Assets Liabilities + Equity Accounts Cashi + Receivable + $ 30,000+ -5,000 Supplies + $4,100 + Revenues Accounts Payable. $0 Common Stock $ 63,100 + Land $ 29,000 - 5,000 $0 + + $0 1. + 2. 1,200 +1,200 2,900 -1,200 -1,200 +2,900 2,900 $ 26,700 $0 $5,300 + $ 34,000 50 $ 63,100 + Description The
company billed a client $1,200 for services provided. The
company billed a client $2,900 for services provided. The
company collected $2,900 cash from an account receivable. The
company paid $1,200 cash toward an account payable. 57421 3. 4. 5. Transaction 1 2 3 4. 5 + Show All Items 2,900 $ 2,900