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i dont understand QS 1-10 Identifying effects of transactions using accounting equation-revenues and expenses P1 Create a table similar to Exhibit 1.9. Then use additions
i dont understand
QS 1-10 Identifying effects of transactions using accounting equation-revenues and expenses P1 Create a table similar to Exhibit 1.9. Then use additions and subtractions to show the dollar effects of each transaction on individual items of the accounting equation. a. The company completed consulting work for a client and immediately collected \$5.500 cash. Page 25 b. The company completed commIssion work for a client and sent a bill for $4,000 to be received within 30 days. c. The company paid an assistant $1,400 cash as wages for the period. d. The company collected $1,000 cash as a partial payment for the amount owed by the elient in transaction b. e. The company paid $700 cash for this period's cleaning services Step by Step Solution
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