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Following are the transactions of Green Energy Company. May 1 The company provided $3,200 of sustainability consulting services on credit to a customer. May 3.
Following are the transactions of Green Energy Company. May 1 The company provided $3,200 of sustainability consulting services on credit to a customer. May 3. The company purchased $900 of energy-efficient supplies on credit. May 9 The company collected $1,700 cash as partial payment of the May 1 consulting revenue. May 20 The company paid $900 cash toward the payable for energy-efficient supplies. May 31 The company paid $700 cash for May's renewable energy utilities. Analyze each transaction of the Green Energy Company by showing its effects on the accounting equation-specifically, 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. Assets Liabilities = + Date May 1 May 3 May 9 = + = May 9 + = May 20 May 31
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