QS 1-10 (Algo) Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,000 cash. b. The company completed commission work for a client and sent a bill for $5,500 to be received within 30 days. c. The company paid an assistant $2,150 cash as wages for the period. d. The company collected $2,750 cash as a partial payment for the amount owed by the client in transaction b e. The company paid $1,000 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Liabilities Equity Transactions Number Cash. Accounts Receivable Accounts Payable Owner, Capital Owner, Withdrawals Revenue Expenses a b Balance after a and b C + + . + + NO + + + + Balance after c d Balance after d Balance after e + + + + +