a. The company completed consulting work for a client and immediately collected $7,000 cash earned. b. The company completed commission work for a client and sent a bill for $5,500 to be received within 30 days. c. The company paid an assistant $2,150 cash as wages for the period. a. The company collected $2,750 cash as a partial payment for the amount owed by the client in transaction b. e. The company pold $1,000 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.) Liabilities Accounts Payable Equity Owner Withdrawals Revenue Owner, Capital $ 7,000 Expenses . . 5,500 5,500 0 7.000 - . 0 0 + Assets Cash Accounts Receivable 7,000 5.500 12.500 0 2.150- 14.050 - 2,750 - - 17 400- 0 (1.0001 - 16.400 0 0 . 7.000 - 0 0 5,500 + 0 Bal 01 - 7,000 0 - - 5,500 1.000 8,500 0 7,000 0 . 0