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Following are the transactions of Green Energy Company. May 1 The company provided $3,300 of sustainability consulting services on credit to a customer. May 3
Following are the transactions of Green Energy Company.
May 1 | The company provided $3,300 of sustainability consulting services on credit to a customer. |
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May 3 | The company purchased $950 of energy-efficient supplies on credit. |
May 9 | The company collected $1,800 cash as partial payment of the May 1 consulting revenue. |
May 20 | The company paid $950 cash toward the payable for energy-efficient supplies. |
May 31 | The company paid $750 cash for Mays renewable energy utilities. |
Analyze each transaction of the Green Energy Company by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense.
Required information [The following information applies to the questions displayed below.] Following are the transactions of Green Energy Comparly. May 1 The conpany provited $3,300 af sustainability consulting services an credit to a custoner. May 3 The canpany purchased $95 of energy-efficient supplies an crerit. May 9 The conpany collected $1,80b cash as partial paynent of the May 1 consulting revenuc. May 20 The conpany paid $950 cash toward the payable tor energy-efticient supplies. May 31 The conpany paid $750 cash far Nay's renewable energy utilities. Anslyze each transaction of the Green Energy Company by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or ) for esch transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities ExpenseStep by Step Solution
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