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a. The company completed consulting work for a client and immediately collected $6,900 cash earned. b. The company completed commission work for a client and
a. The company completed consulting work for a client and immediately collected $6,900 cash earned. b. The company completed commission work for a client and sent a bill for $5,400 to be received within 30 days c. The company paid an assistant $2,100 cash as wages for the period d. The company collected $2,700 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $980 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 Accounts Receivable + Cash Liabilities Accounts Payable Equity Owner, Withdrawals Owner, Capital Revenue Expenses b + + Bal 0 0 O + 0 0 0 + + 0 + 0 ol 0 0 + O Bal d Bol + + + 0 0 0 + 0 0 0 0 + + + Bal 0 0 0 + 0 0 + 0 0
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