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How to solve QS 1 - 1 0 ( Algo ) Identifying effects of transactions using accounting equation - Revenues and Expenses LO P 1
How to solve QS Algo Identifying effects of transactions using accounting equationRevenues and Expenses LO P The following transactions were completed by the company: a The company completed consulting work for a client and immediately collected $ cash. b The company completed commission work for a client and sent a bill for $ to be received within days. c The company paid an assistant $ cash as wages for the period. d The company collected $ cash as a partial payment for the amount owed by the client in transaction e The company paid $ cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. tableTransactions Number,Assets,,tableLiabilitiesAccountsPayabletableEquityCashtableAccountsReceivabletableCommonStockDividends Revenue,Expensesa$bvdotsBalance after a and cBalance after cdBalance after deBalance after e$$ $$ $$ $
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QS Algo Identifying effects of transactions using accounting equationRevenues and Expenses LO P
The following transactions were completed by the company:
a The company completed consulting work for a client and immediately collected $ cash.
b The company completed commission work for a client and sent a bill for $ to be received within days.
c The company paid an assistant $ cash as wages for the period.
d The company collected $ cash as a partial payment for the amount owed by the client in transaction
e The company paid $ cash for this period's cleaning services.
Required:
Enter the impact of each transaction on individual items of the accounting equation.
Note: Enter decreases to account balances with a minus sign.
tableTransactions Number,Assets,,tableLiabilitiesAccountsPayabletableEquityCashtableAccountsReceivabletableCommonStockDividends Revenue,Expensesa$bvdotsBalance after a and cBalance after cdBalance after deBalance after e$$ $$ $$ $
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