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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
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 Accounts Cash + = Receivable Liabilities + Accounts Payable Equity + Revenues Expenses + = + a. b. + = + Balance + = II + C. + = + Balance + = + d. + + Balance + = + e. + = + Balance + = II +
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