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a. The company completed consulting work for a client and immediately collected $7.200 cash earned. b. The company completed commission work for a client and

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a. The company completed consulting work for a client and immediately collected $7.200 cash earned. b. The company completed commission work for a client and sent a bill for $5,700 to be received within 30 days c. The company paid an assistant $2,250 cash as wages for the period. d. The company collected $2,850 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1,040 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 Accounts Recevable Cash Accounts Payable Equity Dividends + Revenue Common Stock Expenses a $ 7.200 $ 7200 + + + s + 57001 5.700 5.700 12 900 Bal 7.200 0 0 2250 Bal 7.200 + 5.700 12 900 - 2.250 Bal 7.200 + 5.700 12.900 - 2.250 a. The owner invested $18,600 cash in the company in exchange for its common stock b. The company purchased supplies for $1.400 cash c. The owner invested $11.800 of equipment in the company in exchange for more common stock d. The company purchased $380 of additional supplies on credit. e. The company purchased land for $10,800 cash. 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 Dividends - Cash - Supplies - Equipment - Land Accounts Payable Common Stock - Revenue - Expenses

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