QS $1-10($Algo$)$ Identifying effects of transactions using accounting equation$-$Revenues and Expenses LO P$1$

$8\mathrm{.}33$

points

The following transactions were completed by the company:

a$.$ The company completed consulting work for a client and immediately collected $$7,100$ cash.

b$.$ The company completed commission work for a client and sent a bill for $$5,600$ to be received within $30$ days.

c$.$ The company paid an assistant $$2,200$ cash as wages for the period.

d$.$ The company collected $$2,800$ cash as a partial payment for the amount owed by the client in transaction $b.$

e$.$ The company paid $$1,020$ 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.

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