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a. The company completed consulting work for a client and immediately collected $7,500 cash. b. The company completed commission work for a client and
a. The company completed consulting work for a client and immediately collected $7,500 cash. b. The company completed commission work for a client and sent a bill for $6,000 to be received within 30 days.. c. The company paid an assistant $2,400 cash as wages for the period. d. The company collected $3,000 cash as a partial payment for the amount owed by the client in transaction b. The company paid $1,100 cash for this period's cleaning services. e. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Che Assets Transactions Number Cash + Accounts Receivable Liabilities Accounts + Equity Payable Owner, Capital Owner, Withdrawals + Revenue Expenses a. + == + + b. + == + + Balance after a and b + = + C. = + + + + Balance after c + == + + + d. + == + Balance after d + = + = + + e. Balance after e + + < Prev 5 of 9 Next > + + +
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