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a. The company completed consulting work for a client and immediately collected $5,700 cash. b. The company completed commission work for a client and
a. The company completed consulting work for a client and immediately collected $5,700 cash. b. The company completed commission work for a client and sent a bill for $4,200 to be received within 30 days. c. The company paid an assistant $1,500 cash as wages for the period. d. The company collected $2,100 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $740 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.) Transactions Number b Balance after a and b Balance after c d.. Balance after d Assots Cash + Accounts Receivable Liabilities + Accounts Equity Payable Owner, Capital Owner, Withdrawals Revenue Expenses $ 5,700 + . + . + 5,700 + 0 0 0 . 5,700+ 0 0 . 0 0 0 O + 5,700+ 0 . 0 0 0 o . + Balance after e $ 5,700. $ 0 $ 0 $ 0- $ $ 0 $
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