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:24 A company had the following transactions. a. The company completed a job for a customer and sent a bill for $4,600 to be
:24 A company had the following transactions. a. The company completed a job for a customer and sent a bill for $4,600 to be received within 45 days. b. The company completed advisory work for a customer and immediately received $6,100 cash. c. The company paid a contractor $1,700 cash for work performed this period. d. The company paid $820 cash for this period's utilities. e. The company collected $2,300 cash as a partial payment for the amount owed by the customer in transaction a. Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Assets = Transaction Cash + Accounts Receivable Liabilities Accounts Payable Equity + Revenues Expenses a. + = + b. + = + Balance 0 + 0 = 0 + 0 - 0 C. + = + - Balance 0 + .0 = 0 + 0 - 0 d. + = + Balance 0 + 0 = 0 + 0 0 e. + = + Balance 0 + 0 = 0 + 0 0
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