1.

The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,900 cash. b. The company completed commission work for a client and sent a bill for $5,400 to be received within 30 days. c. The company paid an assistant $2,100 cash as wages for the period. d. The company collected $2,700 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $980 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Accounts Receivable Liabilities Accounts Payable Cash Equity Dividends Common Stock + - + Revenue Expenses a. + + + + + + b. Bal. 0 + 0 11 0 + 0 0 + 0 0 + II C. + + - Bal. 0 + 0 0 + 0 0 + 0 0 d. + + + Bal. 0 + 0 = 0 + 0 0 + 0 0 e. + II + + Bal. + 0 11 0 + 0 - + 0