OC 8 0.25 points 2 eBook Hint Print References QS 1-10 (Static) Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 14 The following transactions were completed by the company: a. The company completed consulting work for a client and immediately collected $5,500 cash. 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 client in transaction b. e. The company paid $700 cash for this period's cleaning services. Mc Graw Hill Type here to search Required: Enter the impact of each transaction

on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number a. b Balance after a and b C # 3 C t 10 Cash G % Assets 5 + + + + Accounts Receivable = Liabilities + Accounts Payable = 9 = 8 Equity Dividends + + + + Revenue 9 - 76F Mostly sunny 4 11 Expenses 44 D 12:50 PM 8/30/2023 UM Drt

a. The company completed consulting work for a client and immediately collected $5,500 cash. 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 client in transaction b. e. The company paid $700 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