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a. The company completed consulting work for a client and immediately collected $6,700 cash. b. The company completed commission work for a client and sent

a. The company completed consulting work for a client and immediately collected $6,700 cash. b. The company completed commission work for a client and sent a bill for $5,200 to be received within 30 days. c. The company paid an assistant $2,000 cash as wages for the period. d. The company collected $2,600 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $940 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 Liabilities Equity Accounts Accounts Cash Receivable Payable Common Stock Dividends, Revenue Expenses a. $ 6,700+ b. + + + Bal. 6,700+ 0 0 + 0 0 + O c. (200) + + Bal. 6,500+ 0 0 + 0 0 + 0 0 d. + + Bal. e. Bal. 6,500+ 6,500 0 0 + 0 0 + 0 0 ++ + + 0 = 0 + 0 0 + 0 0

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